Press Releases

Vendor Management , Lobby Management and Sales Management Solutions now being delivered

West Lafayette, IN. July  25th, 2010 - Passageways, Indiana based portal solutions provider for financial institutions, has signed 8 new portal customers in the last 8 weeks. Besides its new clients, Passageways is also reporting several new module sales to its growing list of customers. The recently signed customers from these past weeks include:  

1. Knoxville TVA Employees Credit Union – Employee Portal
2. Sharon Credit Union – Employee Portal
3. Alabama Credit Union – Employee Portal
4. Horizon Bank – Employee Portal
5. Green Bank – Employee Portal
6. South Florida Educational FCU – Vendor Management Portal
7. Navigant Credit Union – Board Portal
8. Circle Bank – Board Portal

Passageways continues to offers 25 different software applications to its 200 customers in the financial industry. There continues to be strong growth from existing customers as customers make use of the modular setup of the portal framework to fulfill their new requirements such as Lobby Management and Vendor Management. The recent list of new additions to existing customer portals include:

1. Brightstar FCU – Vendor Management module
2. Beacon CU – Help Desk Integration with Website consulting project
3. Belco Community CU – Job Listings consulting project
4. Kellogg Community CU– Lobby Management consulting project
5. Valley First CU – Apparel Cart, Employee Recognition, and Job Listings consulting projects
6. Other consulting projects done for  American Airlines Credit Union, and Power Financial FCU

Besides these projects, Passageways has just completed an extensive project with Kellogg Community Credit Union on its Sales and Goals Management. At Kellogg, their employee portal is now being used to allocate and track their sales goals across their branches. Passageways plans to offer this solution to its other customers later this summer.

"Passageways is benefiting from the renewed significance to increasing employee productivity and increased emphasis on Sales Management" said Paroon Chadha, Co-Founder and VP of Passageways.  "We offer more applications than any single organization can ever develop internally and package them in very attractive price points and are now seeing the results of our investment in not just the portal technology, but also the business applications the market needs," added Chadha.

Passageways continues to see rapid growth for its Vendor Management solution including some recent customers signing up for a stand-alone Vendor Management Portal solution. This solution allows a financial institution to categorize and track their various vendors. It allows organizing vendor contract documents, gather and organize all the due diligence documents, setup alerts around important dates and renewal timeframes. The application has been very well received as more than 25 customers are already using this solution in less than 7 months.

Passageways offers a free webinar series where several such projects are showcased each month. This webinar series continues to be very popular among Passageways customers and partners. The various upcoming webinars can be accessed at:

http://info.passageways.com/webinars/  (Each webinar has limited seats)

 About Passageways

Passageways specializes in providing corporate portal solutions for financial institutions, connecting their employees, directors, partners and vendors. Passageways solutions are used to streamline communications, increase collaboration and automate internal processes by replacing traditional intranet solutions.  Passageway supports 200 banks and credit unions portals including several dozen board portals and a number of industry wide community portals, making it a leader in collaboration solutions in the financial services industry. Passageways offers a portal framework that enables financial institutions to collaboratively organize and manage documents, processes, internal Web content and other corporate knowledge bases using its several modules. Passageways now has clients in United States, Canada and the Caribbean Islands. For more information please visit http://www.passageways.com/

Indianapolis, IN- Passageways, the leading provider of portal solutions to the financial industry organized another edition of its annual 3-day conference on Collaboration across the industry and within the Enterprise. This was the 5^th year for this growing conference which attracted over 150 attendees from across United States and Canada.  The event was held in downtown Indianapolis, in the Roof Ball Room.

The highlights of the conference included a riveting keynote address by Mark Meyer, CEO Filene Research Institute. This was an enlightening address highlighting some of the challenges and opportunities facing the Financial Services industry.

There was a presentation by the two co-founders of Passageways Paroon Chadha and Christopher Beltran on "Passageways : Today and Tomorrow",  setting the tone for the rest of the conference. This session highlighted the 7 industry awards Passageways  solutions won in the past year including multiple CU Journal Best Practices awards, Bank Technology news Best Practices award, BankNews Innovative solutions award,  Inc. 5000 and Indiana Companies to watch listing to name a few. This session also featured the release of a Verona, a community portal solution which is already fostering industry-wide collaboration networks across the financial services industry. In addition, Passageways also highlighted several enhancements to its flagship Employee Portal and Board Portal solutions.

This year's event also featured a panel discussion on "Current and anticipated trends in Collaboration and their impact on Business", moderated by Paroon Chadha. The panel attracted leaders from across the industry and made for an insightful discussion, enough to spark several tweets from the live audience, which were being projected, live to the audience in the auditorium and online on twitter.com.

The panel consisted of:

• Randy Karnes, CEO of CU*Answers
• Doug True, CTO and CLO, Forum Credit Union, Founder of the Filene i3 group
• Curtis Falk- Open Solutions Community portal Leader
• Kevin Roddy, CIO of 3rd Federal bank, Partner Chair of Open Solutions Client Association
• Mike Atkins, CEO of Open Technology Solutions
• Christopher Beltran, Co-Founder Passageways and Collaboration Visionary

The event also featured several presentations by various banks and credit unions competing for the annual best practices competition, which was judged, live by the audience. The awards for the 2010 edition of  PowWOW were won by:

• Best New Portal Implementation : United Communities Credit Union, Canada
• Best New Module : Sandia Laboratory Federal Credit Union, NM, (Employee Handbook) 
• Best Use of Portal for Streamlining Processes : Mutual 1^st Federal Credit Union, Omaha, NE, (Compliance Connections)          
• America's Best Portal Page Design : American Airlines Credit Union

America's Best Portal Page competition was organized online, and received a total of 44 entries. After two weeks of collecting these entries, online voting was open to the general public from May 5 through May 12, 2010.  The competition received an overwhelming response. Over 3900 people viewed the entries, and nearly 1600 votes were cast in 8 days, culminating on May 12, the awards night. 

 The conference also included several new product introductions including a Verona (Community Portal Platform), Sales Management Module, the next version of the Portal framework P4, version 4.6 and a sneak peek at the iPhone application for the Passageways portals.

Verona, the most significant product introduction is industry's first platform built for collaboration for groups of credit unions and community banks all working in private and secure membership based (Facebook-like) community portals. Passageways is already powering a community of 450 banks and credit unions  for Open Solutions Inc. and is currently planning a community for its own 200 clients and another community for CU*Answers , a Michigan based core processing CUSO serving more than 200 credit unions.

Passageways team also proudly presented checks of over $6,000 to two charitable organizations American Red Cross and Northwest Haiti Christian Mission. These contributions were raised by Passageways staff through online auctions for staff and customers running on Passageways portals across the country.

"This was a great confluence of industry's foremost thinkers around collaboration. Apart from rolling out new products, Passageways is proud to be the platform for transforming industry and enterprise knowledge into future success", say Paroon Chadha, Co-Founder Passageways.

"New products, new ideas, and a recharged team - it just does not get any better for our team. PowWOW 2010 was easily the most exciting event we have witnessed. Financial Industry is clearly focused on finding new efficiencies to drive down cost of business and finding new revenue sources and Passageways is focused on innovating at the speed of market demands", says Christopher Beltran, Co-Founder Passageways.

The evening also included a casino night and rock band which allowed all the participants to get meet each other and celebrate another exciting year for all Passageways clients and partners.

About Passageways

Passageways is an Indiana based provider of employee, board and community portal solutions for Credit Unions and community banks. Passageways helps over 200 organizations to collaborate and communicate more effectively using its software platforms. For more information please visit www.passageways.com