Magnet Adds Integrated Alerts within Magnets Internet Banking Suite

Magnet has announced the availability of a suite-wide integrated Alerts solution within Magnets Internet Banking Suite.The Magnet Alerts solution provides financial institutions with opportunities to notify customers of time-sensitive banking events based on users specific delivery and frequency preferences, thereby creating a more responsive, proactive Internet banking experience for business banking customers. Magnets Alerts product enables banks to offer customers extensive notification options through eight different types of Alerts delivered through one or more channels, including email, fax, voice, and mobile text. Seamlessly integrated into Magnets Internet Banking Suite, Alerts enable users to conveniently act upon time-critical banking information through a single logon. An enterprise-class delivery engine from Chicago-based Centerpost Corporation, a pioneer in multi-channel notification delivery, powers Magnets Alerts product. Centerposts proven engine has successfully delivered tens of millions of critical messages to end-users. Magnets current set of Alerts includes: Positive Pay exceptions notification, approval required notifications for pending Automated Clearing House (ACH) and Money Transfer transactions, account activity notification, account balance notification, Lockbox deposit notification, Money Transfer sent notification, and Electronic Report availability notification. For banking actions that require a specific action, such as Positive Pay exceptions, ACH approval, and Money Transfer approval, proactive notification through Alerts saves businesses time by eliminating the need for repeated system logons to check activity. As activity occurs, Alerts are delivered immediately, allowing corporate customers to respond quickly and cost-effectively. Magnets built-in self-administration features and application intelligence enable banks to deliver alerting capabilities to customers immediately without additional set-up time.