Business Services Industry
VSoft and Unisys Expand Relationship with Image Quality Solution to Streamline Check Image Exchange; Solution Verifies Check Images, Meets Exchange Standards, Reduces Returns
Business Wire, Jan 18, 2005
ATLANTA -- VSoft Corporation, a global information and technology provider of financial solutions, announced today a new Check 21 image quality solution, powered by VSoft's Genesis Image Quality Manager and Unisys' Image Usability Analysis software. The VSoft and Unisys image software will be beta tested at Farmers National Bank, an independent community bank with 16 offices located in Canfield, Ohio.
"As banks and financial institutions begin exchanging digital check images in place of paper checks under the Check 21 act, check image quality becomes vital," said Gary Wallen, Vice President of Unisys Payment Systems Division. "Banks can reduce their cost of providing high quality images through the use of our Quality and Usability software."
VSoft's Genesis Image Quality Manager is built on the Unisys Windows XP-based software. The solution examines twelve important elements of the check image, such as signature presence, courtesy amount, MICR codeline, and date. It also ensures that images meet quality thresholds defined by the American National Standards Institute as part of the Check 21 definition for image exchange.
Genesis Image Quality Manager views the "image suspects" flagged by the Unisys software, and permits an operator at a PC workstation to request an immediate recapture of images that have a high probability of returns because of image quality. Banks using Genesis Image Quality Manager can identify images from items that are skewed, folded, or torn before they are exchanged with correspondent banks, reducing the risk and the high cost of recapturing checks after they clear.
"VSoft has enjoyed a productive and strategic relationship with Unisys for many years," said Murthy Veeraghanta, president, VSoft Corporation. "Because of Check 21's influence on the check processing industry, it was imperative that VSoft develop a strong solution. Utilizing the Unisys Quality and Usability software ratifies VSoft's leadership role in Check 21 image exchange software."
About Unisys Payment Systems
Unisys delivers payment systems platforms that are driving the future of the payment industry. No other transport manufacturer in the world offers document processors ranging from the tabletop Source NDP through the powerful NDP 2000. Unisys is the first company in the world to offer this degree of scalability across its entire payment systems product line with compatibility provided by the unprecedented Unisys Common Application Programming Interface. Unisys transports offer superior read rates, saving customers money. Fewer rejects equals greater savings.
About Unisys
Unisys is a worldwide information technology services and solutions company whose 37,000 people help clients in more than 100 countries utilize technology to seize opportunities, overcome challenges and succeed in the global economy. The company offers a rich portfolio of business solutions led by its expertise in consulting and systems integration, outsourcing, network services and security, coupled with leading enterprise-class server and related technologies. Primary vertical markets for Unisys worldwide are the financial services, transportation, communications, media, commercial and public sectors, including U.S. federal government customers. Unisys is headquartered in Blue Bell, Pennsylvania, in the Greater Philadelphia area. For more information on the company, access the Unisys home page on the World Wide Web at www.unisys.com. Investor information can be found at www.unisys.com/investor.
> Unisys is a registered trademark of Unisys Corporation. All other brands and products referenced herein are acknowledged to be trademarks or registered trademarks of their respective holders.About VSoft Corporation
A global information and technology provider of financial solutions, Atlanta-based VSoft Corporation has been offering scaleable, flexible solutions since its inception in 1996. Led by industry experts with a proven track record in excellence, VSoft Corporation is proud of its ability to provide technology designed for easy implementation and migration from the proprietary banking systems of the past. VSoft's experienced systems integration teams ensure that every customer is met with VSoft Advantage. VSoft Corporation has multiple products, services and support that cover back office, operations, lockbox processing, Check 21 legislation, and retail functions. These solutions are designed to maximize core efficiencies while reducing operational costs. More information about the company can be found at www.vsoftcorp.com.
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