IntraNet Worldwide has revealed that Union Bank of California (UBOC) has extended its current agreement by signing a five-year licensing agreement for IntraNet’s flagship payment processing solution, iMTS. “Extending our relationship with IntraNet Worldwide was critical in meeting our goals of seamlessly servicing our existing customer base and lowering the costs for transactions across the spectrum of our wholesale portfolio – as well as costs associated with ongoing maintenance,” said Howard Russell, senior vice president at UBOC. “During system conversion and through our new agreement, IntraNet Worldwide has delivered consistently on their commitment by responding to our business and technical requirements. Through this strategic partnership, we have not only reached our goals and captured the best value for our investment, but also strengthened our wholesale payments offering.”
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