InfoNow Press Release
LEADING GLOBAL PAYMENT COMPANIES CHOOSE INFONOW LOCATIONINSIGHT
Financial institutions automate processes to improve operations and gain greater visibility into end-user transactions
Denver, July 24, 2007
InfoNow Corporation, a leading provider of channel visibility and location service solutions, today announced that two leading, global payment companies are using InfoNow LocationInsight to meet their location intelligence and partner data management needs. Both companies are reaping significant efficiency gains and operational improvements with the solution by automating processes and gaining greater visibility into transaction data.
Greater Data Visibility Helps with Crime Monitoring and Identifying Fraud
The leading global payments, network and travel company is using LocationInsight to help manage its data assets and banking networks. LocationInsight automatically collects automatic teller machine (ATM) location data from large banks and bank networks that sell the company’s products, and compiles the information into a single database. By centralizing this critical information, the financial institution can quickly and easily run queries and reports that provide greater visibility into its end-user transactions.
With LocationInsight, the company is now able to identify any record quickly and easily worldwide and use that information for crime monitoring and to identify fraudulent card use. They have also been able to de-duplicate and clean their data records, so they have more accurate information about their business. In addition to these benefits, this financial institution saves several weeks of employee time each year spent gathering and managing data.
Partner-Managed Data Ensures the Most Complete and Accurate Information
One of the world’s largest and most successful payment companies is using LocationInsight to enable its member banks to upload ATM data into its master locator, so any changes or additions to ATM locations are reflected in the company’s system immediately. By ensuring it has the latest and most accurate information, the financial institution helps consumers around the globe to quickly and easily find a convenient ATM.
With LocationInsight, the company is now able to let its members completely manage their own data without any intervention or actions from its own employees. They can also easily monitor which members are not contributing data regularly and prompt them for their participation. In addition to having more complete and accurate data, this financial institution is leveraging LocationInsight’s ability to tailor its customer-facing interactions with company details, which helps to reinforce and build its brand globally.
“LocationInsight is a flexible solution that delivers benefits both internally and with customers,” said Mark Geene, CEO at InfoNow. “These financial institutions are just two examples of the many companies that are now enjoying the operational improvements of on-demand location intelligence.”
About InfoNow Corporation
InfoNow provides channel visibility and location services to companies that sell through complex channel partner networks. InfoNow® ChannelInsightTM gives companies rich, timely and actionable data on channel sales, including enhanced market intelligence on partners and end customers. It also includes tools to help clients use this data to profitably grow their business, through detailed customer segmentation and profiling, targeted opportunity generation, robust partner tracking and analysis, closed-loop opportunity tracking, sales credit assignment, inventory tracking and more. InfoNow® LocationInsightTM directs consumers to the optimal business location such as a branch office, ATM or the appropriate business partner through Internet, voice-response or mobile devices. InfoNow LocationInsight services also provide tools for location data management, business partner profiling, and highly tailored lead routing and management. Since 1996, InfoNow has helped leading companies such as Bank of America, Enterasys Networks, Hewlett-Packard, SMC, LaSalle Bank and Wachovia better serve their end customers through complex channel networks. InfoNow is based in Denver, Colorado. For more information, visit www.infonow.com.