From: pearl@sw.stratus.com (Dan Pearl)
Newsgroups: comp.sys.stratus
Subject: Re: nationsbank
Date: 14 Oct 92 13:59:41 GMT
Organization: Stratus Computer, Inc.

Here is the press release:


NATIONSBANK BRINGS CORPORATE BANKING SERVICE ONLINE
WITH STRATUS COMPUTERS

Fourth Largest U.S. Bank Consolidates Cash Management
Services on Stratus-based System Following Merger

Marlboro, Mass., October 13, 1992 -- Stratus Computer, Inc.
today announced that Charlotte, North Carolina-based NationsBank
Corporation, the fourth largest bank holding company in the U.S., has
begun operating a Stratus-based online cash management system for
corporate customers.

The cash management service is based on two Stratus(R) Continuous
Processing(R) Systems running FORTE cash management software
from Advantage Systems of Waltham, Mass.  NationsBank was
formed in December 1991 by the merger of Charlotte-based NCNB
National Bank and C&S/Sovran Bank, headquartered in Atlanta,
Georgia.  The bank currently has approximately $110 billion in assets
and nearly seven million customers worldwide.  The Stratus systems
are enabling NationsBank to consolidate the online cash management
services of NCNB and C&S/Sovran on a unified hardware platform.

The Stratus-based solution allows NationsBank corporate customers
to access account information, execute banking transactions, and
manage their cash flow from their desktop computers.  Specifically,
controllers and other financial managers access the system to
monitor their financial positions, execute electronic funds transfer,
initiate wire transfers, and order stop payments.

"Continuous, online access to information is critical to customer
satisfaction," said C.V. Dellinger, NationsBank manager of distributed
computing support services.  "If our cash management system is
down, our customers would be in the dark about millions of dollars
in transactions and account information.  As a result, we chose fault-
tolerant Stratus computers to assure our customers -- and ourselves
-- of our service being available all the time."

Two Stratus XA(R)2000 Model 240 computers are installed in
Atlanta, Georgia at one of the NationsBank data processing centers.
Once fully online, the Stratus systems will handle communications
with personal computers and workstations used by 6,000 corporate
customers across the U.S.  The Stratus systems are also linked to IBM
mainframes that store customer account information.

Consolidating Cash Management Services on a Single System
"NCNB and C&S/Sovran's belief in centralizing applications and
keeping the number of technology vendors to a minimum was a
driving force behind the NationsBank decision to consolidate cash
management on a unified, Stratus-based system," noted Dellinger.  "It
was clear after the merger, with the resulting surge in the volume of
online cash management transactions, that a single, streamlined
hardware platform for this service would be much more efficient and
cost-effective to manage.

"Stratus' broad support of communications protocols has simplified
the task of integrating new technology with existing systems," added
Dellinger.  "Being able to upgrade the Stratus systems' processing
capacity online also will enable us to expand the systems easily as
the customer base grows."

About Stratus
Stratus Computer, Inc. is a leading supplier of fault-tolerant
computer systems for critical online applications, such as online
transaction processing, online data communications, and
telecommunications.  The company offers the broadest range of
fault-tolerant systems and maintains the highest standard for
computer reliability.  One of the fastest growing companies in the
industry, Stratus reported revenues of $448.6 million for fiscal year
1991, up 11 percent from $403.0 million in 1990.  The company,
which is headquartered in Marlboro, Massachusetts, markets and
supports its systems in more than 40 countries worldwide.


Stratus, the Stratus logo, Continuous Processing, and XA are registered
trademarks, of Stratus Computer, Inc.  All other trademarks are property of
their repective holders.

-- 
------------------------------------------------------------------------------
Dan Pearl  **  Stratus Computer, Inc.  **  pearl@spectacle.sw.stratus.com
Newsgroups: comp.sys.stratus