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VirtualBank To Use Pivot Technology

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NU Online News Service, May 20, 12:15 p.m. – VirtualBank, Palm Beach Gardens, Fla., has agreed to use technology from Pivot/Info-One, Campbell, Calif., to sell life insurance, annuities and related products through the Web.

VirtualBank will also use the Pivot technology to sell insurance through a call center that employs licensed agents.

VirtualBank is a federally chartered bank owned by Lydian Trust Company.

Pivot is a unit of Wachovia Corp., Charlotte, N.C.

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