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Glen Rock, New Jersey — (February 15, 2005) — Financial Services, Inc. (FSI) announced today it will partner with Pinnacle Financial Strategies to offer a comprehensive overdraft privilege services to FSI's thrift and commercial customers.
With this new service offering, FSI customers will benefit from increased fee income while building long-term customer loyalty. FSI customers will be able to choose from several trademarked brands to market their own overdraft privilege programs and tailor their offerings to individual markets.
"By providing overdraft privilege to our customers, FSI clients will be able to increase non-sufficient funds (NSF) fee revenue, customer loyalty and retention, and incremental income in check printing and ATM fees", said Jack Schunke, President and CEO of FSI. "We look forward to a strong and productive relationship with Pinnacle for many years to come."
"We are excited to partner with FSI because our service gives their customers a distinct competitive advantage in the marketplace," said Joe Gillen, CEO of Pinnacle Financial Strategies. "This partnership helps FSI clients build relationships with their valuable customers by protecting them from the embarrassment and long-term credit damage typically associated with NSF activity."
Pinnacle has completed more than 515 implementations of overdraft privilege programs with an average NSF fee income increase of 86 percent. Pinnacle has the unique combination of software, marketing, customer care, regulatory and banking experience to effectively automate the overdraft privilege process and drive revenue for its clients across the nation.
About FSI
Based in Glen Rock, New Jersey, FSI has been a leader in providing the financial industry turnkey outsourcing solutions for over fifty years. FSI's client base spans the country with clients ranging from de novo start up banks to multi-billion dollar regional institutions. FSI products and services include but are not limited to data processing, item processing, Internet capabilities and network and hardware solutions. For more information, please call 888.374.6200, e-mail rsassos@insidefsi.net or visit www.insidedfsi.net.
About Pinnacle Financial Strategies
Pinnacle Financial Strategies, headquartered in Houston, Texas, helps financial institutions maximize income and increase customer loyalty by helping institutions provide exceptional customer service. Pinnacle solutions include overdraft privilege, peak performance shopping, customer marketing intelligence, automated credit risk management and automated construction loan management. For more information, please call 713.868.3333, e-mail info@pinnaclefinancialstrategies.com or visit www.pinnaclefinancialstrategies.com.
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