| June 20, 2002 - Fort Knox National Company | |||
| PR Newswire Fort Knox National Company Manage Your Mortgage is now able to offer end-to-end automation of its biweekly payment services, recently ranked by MAC Communications, Inc. (MAC) as the most technologically advanced biweekly payment service in the US. Through the Manage Your Mortgage web site, consumers can enroll in the program online, track their payment histories, manage their accounts, and receive automatic email notifications when their debits and payments are made. The site uses digital signature technology to satisfy the "similarly authenticated" enrollment requirements of Regulation E, meaning consumers are able to enroll in recurring ACH online without the hassle of paper-based Authorization to Debit (ADA) forms. In turn, this efficiency allows Manage Your Mortgage to eliminate up-front enrollment fees that hamper consumer adoption of other mortgage payment services. "We're the first-to-market with a 100% online biweekly payment system," said Manage Your Mortgage President and CEO, Grant Szalay. "We're giving customers real-time enrollment and management of their accounts 24 hours a day, seven days a week. Fort Knox National Company has helped us maintain our paperless model with their powerful TruePay ACH system." The TruePay ACH engine allows Manage Your Mortgage to complete automation of the system to include flexible debit origination scheduling, return notification and resubmittal, funds warehousing, and lender remittance. FKNC also provides immediate enrollment activation where other service providers take weeks or months. "We're excited about the potential we see in Manage Your Mortgage's unique payment program," said J. Joshua Hartlage, VP of Sales and Marketing for FKNC. "Borrowers accelerate their loans and enhance their credit, while lenders benefit from fewer delinquencies and higher loan quality. The program's popularity will only grow as its point-of-sale penetration increases and more lenders establish lockbox links to TruePay." About Manage Your Mortgage Manage Your Mortgage, Inc. is a biweekly payment service provider that offers services for mortgage, auto, and student loans. MYM is located in St. Charles, MO. More information about Manage Your Mortgage is available at www.manageyourmortgage.com. About FKNC Fort Knox National Company is a payment service provider delivering companies a solution for their customers to pay how they want and when they want. FKNC currently processes over 12 billion dollars in payments annually for over 750 companies, including twenty-five in the Fortune 500. FKNC was founded in 1985 and is headquartered in Elizabethtown, KY. More information about FKNC is available at www.fortknoxnational.com. For further information contact:
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