FOR IMMEDIATE RELEASE
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For more information contact:
Lynn Wuger, (913) 226-8700
lynn@innovision.com
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American Century Investments offers customers Online Investment Tracking via Quicken 98
Innovision Financial Server is key product behind new service
LENEXA, Kan. (June 18, 1998) - American Century Investments of Kansas
City, Mo., recently announced it now offers Online Investment Tracking
service for its customers via Intuit's Quicken 98. Powering the tracking
service is the Innovision Financial Server - the industry-leading
financial protocol server for the financial services industry.
Online Investment Tracking allows Quicken users to connect directly with
their American Century account information via the Internet through the
Open Financial Exchange (OFX) protocol. Investors can safely and easily
access transactions, balances and holdings.
"Online Investment Tracking provides our customers with the convenience
of consolidating and tracking their personal finances all in one place,
at any time," said Greg Markovich, vice president and director of
technical sales, American Century. "The Innovision Financial Server
provided us with the opportunity to securely extend online account
access capabilities - currently available through the American Century
Web site - to our Quicken users."
Customers can link to American Century's Online Investment Tracking
service by following the instructions prompted by their Quicken
software. The software contacts American Century's OFX server - the
Innovision Financial Server - and retrieves the appropriate account
information. The data is then passed back through the Internet to the
customer for viewing.
Investors who have enabled their American Century accounts for online
access will be able to view individual, IRA, 403 (b), SEP-IRA and
SARSEP-IRA accounts with this unique investment tracking service. In
addition, customers can download transaction histories, current share
prices and market values.
"The Innovision server product has helped American Century put a
technology infrastructure into place that will allow us to move quickly
and capitalize on future opportunities," said Jay Green, senior
interactive marketing specialist, American Century. "Online Investment
Tracking is the first of many opportunities we foresee allowing
consumers to openly transact and transmit financial data across the
Internet."
American Century chose the Innovision Financial Server because it is the
only Java financial server that offered them immediate functionality for
XML-based open financial protocols including OFX. The scalable,
XML-protocol server is highly configurable and offers the most complete
and easily deployed solution available. It delivers an elegant single
integration/multiple protocol solution for enterprises deploying
network-centric applications that rely on open connectivity standards.
To complement the server, Innovision offers a client toolkit product.
The toolkit provides an easy-to-use, thin-client development technology
that works within new and existing Web applications.
"The Innovision financial product line conquers the challenge of
integrating once to achieve interoperability and usability through
multiple protocols and technologies," said Bill Cary, Innovision
president. "Our core architecture simplifies integration complexity and
lowers the total cost of ownership."
American Century Investments, which is celebrating its 40th anniversary
this year, was formed as a result of the merger of Twentieth Century
Mutual Funds and The Benham Group. Through its broad selection of more
than 60 mutual funds, the Kansas City, Mo.-based company manages
approximately $72 billion in assets for nearly two million individual
and institutional investors. James E. Stowers Jr., founder of Twentieth
Century in 1958, serves as company chairman. James E. Stowers III is
chief executive officer; William M. Lyons is president and chief
operating officer.
In addition to American Century, other financial services companies that
have licensed Innovision technology include Discover Brokerage Direct,
NOVUS Services and T. Rowe Price.
Innovision Corporation is a leading developer of software solutions for
open financial protocols providing application-to-application exchange
over the Internet. The cornerstone of the Innovision strategy is to
design industry-leading products that arm financial institutions with
effective solutions and a competitive edge. For more information about
Innovision or its financial product line, please call (913) 226-8700 or
send e-mail to ofx@innovision.com. The Innovision Web site is located at
www.innovision.com.
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For more information contact:
Lynn Wuger, (913) 226-8700
Innovision Corporation
lynn@innovision.com
Laura Kouri, (816) 340-4710
American Century Investments
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