First National Joins the Party
Bank goes live on the Endpoint Exchange Network.
First National Bank (Omaha; more than $16 billion in assets) recently began processing check images for electronic clearing and settlement through the Endpoint Exchange Network. The bank is interfacing its full suite of image-enabled Advanced Financial Solutions (AFS; Oklahoma City) item processing applications to the network. According to First National, its current technology provides a compatible platform to convert from paper-based to image-based check clearing and settlement.
First National began considering clearing and settling check images electronically in early 2004 because of the operational and transactional cost savings associated with electronic check processing, relates Russ Oatman, the bank's senior vice president and division head. "First National is always looking for the most effective way to process payments," he says. "After comparing our mix of check deposits with that of the Endpoint Exchange membership, we determined we could realize cost savings by joining the network," Oatman adds.
"We had an agreement in place by June, installed and tested the product by October, and started live processing the first week in November," he continues. "Even though we worked under a condensed time line, the implementation went very smoothly and the product has subsequently worked great."
Mitek's QuickStrokes Recognition Tool
Mitek Systems (Poway, Calif.) released QuickStrokes Premier Banking Edition, a CAR/LAR recognition tool. The solution automatically processes personal and business checks, cash in and out tickets, deposit slips and other negotiable financial documents, and can reduce data-entry costs by as much as 90 percent, according to the vendor.
IBM Enhances Workplace Solutions
IBM (Armonk, N.Y.) introduced new solutions to help customers accelerate migration from traditional PC-centric computing deployments to standards-based, network-centric workplaces. The IBM Workplace-based software and services can deliver processes such as procurement, regulatory compliance, field service, and branch banking, IBM says. The offerings are designed to help transform both core technology infrastructures and key business processes, and extend the reach of existing applications.
Fuego's BPM 5.5
Fuego (Plano, Texas) released version 5.5 of FuegoBPM, the vendor's BPM software suite. FuegoBPM 5.5 enables companies to model business processes, connect those processes to people and systems, run them, manage process exceptions, and measure and monitor their effectiveness as the foundation for achieving continuous process improvement, Fuego says. The new release expands the solution's process modeling, simulation, analysis and measurement, and business activity monitoring functionality.
Bank of India Deploys Misys
Bank of India (BOI; Mumbai) has gone live with Misys Wholesale Banking Systems' (Evesham, U.K.) Misys MidasPlus core banking solution. BOI is rolling out Misys MidasPlus with Global Processing across 19 branches and seven time zones. BOI will benefit from a single, real-time, consolidated view of its worldwide business, including transaction processing across treasury and capital markets, commercial lending, trade finance, payments and retail services with straight-through processing capabilities.
Hancock Implements AlterPoint
Hancock Holding Co. (Gulfport, Miss.) deployed AlterPoint's (Austin) DeviceAuthority Suite to automate and manage the change and compliance of devices across its Voice over IP (VoIP) network, which provides services to more than 2,000 employees and hundreds of external ATM machines in four states. Hancock Bank relies on Device-Authority Suite's configuration, reporting, compliance, security and change management capabilities to maintain VoIP performance, service, availability and quality.
Maybank Rolls Out Welcome
Maybank (Malayan Bank Berhad; Malaysia) implemented Welcome's (Aix-en-Provence, France) XLS smart card software to enhance its EMV payment cards with customer-centric features. Maybank will use XLS' enhanced payment features for its EMV credit and chip debit/ATM cards to increase card usage at merchant outlets. XLS will be the foundation on which Maybank's cardholders are rewarded via multiple channels, starting with EMV-enabled terminals.