BancTec Secures $16 Million Contract with Ontario Ministry of Finance

Business Wire, Nov 16, 2006

Canadian Provincial Government Turns to BancTec for Remittance Processing Solution

DALLAS -- BancTec, a leading global provider of document and payment processing solutions, has been awarded a six-year, $16 million contract to provide a comprehensive remittance, data and image processing solution for the Revenue Operations and Client Services Branch of the Ontario Ministry of Finance (OMF).

BancTec emerged as the winner of the contract after a rigorous RFP process, which included a demonstration of solution functionality to the OMF. The contract includes an option for an additional four years of maintenance and professional services.

"This is an exciting win for BancTec because it extends a long and successful partnership with OMF," said Mike Fallin, senior vice president and president of the Americas for BancTec. "We're also proud to have developed a solution for OMF from the BancTec portfolio. Centered on BancTec's PayCourier remittance platform, it will be integrated with our archive, image quality and capture solutions."

"A key part of the Ministry of Finance's mission is to promote efficiency in the delivery of government services," said Pat Doherty, director, Revenue Operations and Client Services Branch of the OMF. "We chose BancTec as our partner in this important initiative because we believe its solution will deliver the best value to the ministry and, by extension, the people of Ontario."

In 2005, an RFP was released as part of the OMF's long-term strategy to refresh their legacy system with a new and all-encompassing remittance, data and image processing solution. In addition to responding to the RFP, BancTec performed a two-day demonstration where all major functionality and integration points were demonstrated to the OMF evaluation team.

The replacement system requires a complete end-to-end solution that includes hardware, software, professional services, hardware maintenance, software support and consumables. As part of the overall solution, BancTec will provide the following goods and services to OMF:

* Three BancTec E-1150 transports, from the E-Series family of transport systems for banks and payment processing centers, which read and sort 1,150 documents per minute;

* Three DocuScan 9000 transports, providing high-speed, mixed document scanning with the highest hourly throughput for difficult paper handling applications;

* PayCourier Retail 2-Pass and PayCourier Archive, from the PayCourier comprehensive remittance solution for processing payment transactions;

* eFIRST Capture, a software solution that captures, sorts and processes all types of paper and electronic documents with minimal operator intervention;

* Image Sentry, a software solution for assuring image quality and usability, supporting all leading image-capture devices and image formats;

* Professional services and a six-year maintenance contract.

Initial installation of the hardware and software will be completed by March 31, 2007, with the remainder of the solution delivered in subsequent phases, Fallin said.

About BancTec

BancTec helps companies around the world simplify the process of managing their information through a versatile portfolio of automation and outsourcing solutions. The company provides document and content processing, payment processing and IT service management solutions for clients in the financial services, manufacturing, government, services and utilities industries. With headquarters in Dallas and London, BancTec is privately owned with annual revenues of $345 million and serves more than 50 countries. For more information on how BancTec can help you optimize information management, visit www.banctec.com or call 1-800-BANCTEC.