The Commercial Bank Attracts Online Banking Users with Q2 Software
The Commercial Bank Attracts Online Banking Users with Q2 Software The Commercial Bank in Honea Path, SC competes with big banks by implementing Q2 software’s online banking solutions.
AUSTIN, TX, June 10, 2009 – Q2 Software, Inc., a progressive financial services technology company, announces that The Commercial Bank in Honea Path, SC with over $112 million assets has successfully launched Q2 Software’s electronic banking solutions. The bank reached its’ online banking users goal quickly and after six months almost every new user was actively banking online. “I thought a large number that tried online banking services may not use it regularly, but everyone is,” said Tim Thompson, SVP of The Commercial Bank.
“Being in a bedroom community people are very open to online banking. A very stable bank with a 5 star rating makes our bank more attractive than the big banks and now that we have cutting edge online banking from Q2 we are even more competitive,” said Thompson. He went on to say, “I was concerned about Q2 Software being pretty new because as a community bank we usually go with vendors that have been out on the street for awhile but after looking at the history of Q2 we were comfortable with our decision. Everyone I talked to sold everything in modules and when you add it all together it was ridiculous. With Q2’s banking software you get everything with one price and can use what you want when you need it so the product grows with you as your bank does.” “With Q2’s banking software you get everything with one price and can use what you want when you need it so the product grows with you as your bank does.”
The Commercial Bank was pleasantly surprised with the high adoption on Bill Pay which has also become an integral piece of their Online Banking offering.
“Community banks are continually searching for opportunities to set themselves apart and compete more effectively with the large money-center banks, we are excited to give The Commercial Bank the ability to do this with our online banking technology,” said Matt Flake, President of Q2 software.
The Commercial Bank also utilized Q2’s website services enabling them to change the banks website anytime. “We have been given the tools to change our bank website immediately which is perfect for us. This, along with the ease of the navigation for new customers, straightforwardness of setting up the account and the double authentication of the account and the simplicity of creating reports for the back office have all contributed to our satisfaction with Q2 and their banking Software,” Said Thompson.