AcuPrint Technology and Wells Fargo Enter Positive Pay Referral Agreement.Business Editors & High-Tech Writers CARLSBAD, Calif. & SAN FRANCISCO--(BUSINESS WIRE)-- Sept. 5, 2002 AcuPrint Technology's Positive Pay Software, SecurePay, Enables Wells Fargo Clients Easy Adoption of Positive Pay Services that Stop Check Fraud AcuPrint Technology, an industry leader in secure payment transaction solutions, and Wells Fargo Wells Fargo armored carriers of bullion. [Am. Hist.: Brewer Dictionary, 1147] See : Protectiveness Wells Fargo company that handled express service to western states; often robbed. [Am. Hist. , an industry leader in electronic banking solutions, recently announced the signing of a positive pay referral agreement. Per the agreement, AcuPrint Technology will provide its SecurePay software solution to Wells Fargo commercial clients at a reduced licensing fee. Wells Fargo will refer their commercial clients to the SecurePay solution, which will enable them to implement and participate in the positive pay process. Due to the increased incidences of fraud nationwide, Wells Fargo's positive pay services are becoming increasingly important to commercial clients. For many clients, positive pay software, such as the SecurePay product offered by AcuPrint, is an inexpensive and easy alternative to the intricate and time consuming programming required for their systems to transmit check register file information to the bank. Positive pay partners banks and their clients by creating one of the strongest defenses available to prevent check fraud. The positive pay process exchanges check data between the client and their bank before checks are released for payment. When presented, checks are matched with the positive pay data so that fraudulent The description of a willful act commenced with the Specific Intent to deceive or cheat, in order to cause some financial detriment to another and to engender personal financial gain. discrepancies may be identified prior to posting. "SecurePay was selected as one of our positive pay resources because of its easy integration into our client's current operating systems Operating systems can be categorized by technology, ownership, licensing, working state, usage, and by many other characteristics. In practice, many of these groupings may overlap. and environments," said Justin Freeman, vice president treasury product management, Wells Fargo. "Our clients have diverse and multi-layered software, hardware and operating environments In computing, an operating environment is the environment in which users run programs, whether in a command line interface, such as in MS-DOS or the Unix shell, or in a graphical user interface, such as in the Macintosh operating system. and often require a custom solution to complete the implementation process. The implementation team at AcuPrint has consistently demonstrated their ability to quickly assess our clients' environment and complete the installation quickly and efficiently, saving our customers valuable time and money." AcuPrint's SecurePay software can be used in conjunction with Wells Fargo's ARP Register Maintenance and Image Positive Pay services available on the Internet through the Commercial Electronic Office portal. "We are always looking for Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. new solutions to prevent fraud and reduce our clients' costs, and are pleased with our clients' response to the SecurePay product. Implementing the SecurePay product has been a positive experience for the clients and they appreciate its ease of use," said Freeman. About Wells Fargo Wells Fargo is a $312 billion diversified financial The diversified financial services segment includes a range of consumer and commercially-oriented companies offering a wide variety of products and services, including various lending products (such as home equity loans and credit cards), insurance, and securities and investment services company that has been providing banking, insurance, investments, mortgage and consumer finance solutions for 150 years. Their tradition of customer service has led to a current network of more than 5,400 stores, the world's leading Internet banking site (www.wellsfargo.com) and other distribution channels across North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. and the world. As a leader in Internet banking, Wells Fargo provides many commercial services online through their Commercial Electronic Office(SM) (CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. (SM)) business portal. To harness the power of the Internet and find out what Wells Fargo's CEO portal can do for your business, log on to http://www.wellsfargo.com/com/ceo. About AcuPrint Technology Headquartered in Carlsbad, Calif., AcuPrint Technology, is a pioneer in MICR (Magnetic Ink Character Recognition) The machine recognition of numeric data printed with magnetically charged ink. It is used on bank checks and deposit slips. MICR readers detect the characters and convert them into digital data. laser check writing solutions, and holds several technology patents. AcuPrint Technology is the leading provider of positive pay file creation and transmission software to businesses across the nation. AcuPrint Technology develops solutions for MICR laser check printing (SecureCheck nX2), positive pay (SecurePay), check signing and security graphic software (ezSigner) and premium MICR toner An electrically charged ink used in copy machines and laser printers. It adheres to an invisible image that has been charged with the opposite polarity onto a plate or drum or onto the paper itself. and check stock (TruPrint). Established in 1989, AcuPrint is a founding member of the elite Hewlett Packard ESP (1) (Enhanced Service Provider) An organization that adds value to basic telephone service by offering such features as call-forwarding, call-detailing and protocol conversion. (Extended Solution Provider) group. For more information on the AcuPrint Technology solution suite, visit the company on the Web at www.acuprint.com. |
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