Allfirst Financial To Use VECTOR:Capture for Prime Pass To Enable Image Archive.Business & High Tech Editors ADDISON, Texas--(BUSINESS WIRE)--Dec. 8, 2000 Sterling Commerce helps Allfirst Financial protect existing hardware investment while implementing image strategy Sterling Commerce, a wholly-owned subsidiary of SBC (1) (SBC Communications Inc., San Antonio, TX, www.sbc.com) A large, national telecommunications company that grew from a multitude of local and regional companies, including Southwestern Bell, Pacific Bell and Nevada Bell, into a single, unified brand by 2002. Communications, Inc. (NYSE NYSE See: New York Stock Exchange :SBC) and a worldwide leading provider of business-to-business electronic commerce software, banking application products, and value-added services, announces the licensing of VECTOR:Capture for Prime Pass by Allfirst Financial, a premier regional financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. company headquartered in Baltimore, MD. VECTOR:Capture for Prime Pass provides both on-us and transit images for image archives and for image cash letters. The product operates on a TCP/IP TCP/IP in full Transmission Control Protocol/Internet Protocol Standard Internet communications protocols that allow digital computers to communicate over long distances. connected NT platform and can move images directly to a client server archive without any other mainframe software. VECTOR:Capture for Prime Pass will help Allfirst Financial implement new image archive-based commercial and retail services at an affordable price. In a distributed or consolidated capture environment, VECTOR:Capture for Prime Pass will drive NCR (NCR Corporation, Dayton, OH, www.ncr.com) A technology company specializing in financial terminal transactions, retail systems and data warehousing. Until the late 1990s, NCR was heavily invested in the hardware side of the industry, known worldwide as a major manufacturer of computers transports (7731, 7780, 7790, 7795) or IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) 3890 transports with the express purpose of electronifying the entire paper check, both image and 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. data. The VECTOR product provides Allfirst Financial with increased choices in managing capacity at centralized cen·tral·ize v. cen·tral·ized, cen·tral·iz·ing, cen·tral·iz·es v.tr. 1. To draw into or toward a center; consolidate. 2. check capture sites and will also allow distributed sites to feed capture information into legacy applications and images into archives such as NCR's ImageMark Archive which was also selected by Allfirst Financial. "Our decision to implement an image strategy reflects a company-wide commitment to providing outstanding products and services, and to meeting the needs of our customers," states Don Ter Avest, project manager for the Customer Transaction Archive Project, Allfirst Financial. "Selecting VECTOR:Capture for Prime Pass as a key component of our image strategy not only allows us to deliver new and advanced services to our customers at competitive prices, but enhances our shareholders value as well. Compared to other alternatives, Allfirst Financial will save very substantially in software acquisition and implementation costs." Ter Avest further commented, "The implementation timeline was much shorter than we anticipated. The people from Sterling Commerce have been very responsive and great to work with." With VECTOR:Capture for Prime Pass a bank will be able to leverage different capture equipment and integrate distributed capture locations owned by the bank or at customer sites. With images captured remotely, truncation of the paper at the earliest point of the process can become a reality and the revenue from the paper check product can be maintained and enhanced. "VECTOR:Capture for Prime Pass allows the freedom to choose alternative capture hardware geared to the task at hand," says Tim Simeone, vice president, Sterling Commerce Banking Systems Division. "Allfirst Financial selected IBM 3890 XP's equipped with Model 4 cameras for initial capture but also chose to use NCR 7780's for rescanning checks with less than satisfactory quality images. This versatility is possible because of our Transport Transparency that allows complete flexibility in machine selection and scheduling without the overhead of any mainframe software." "The break-through technology provided by Sterling Commerce allows Allfirst Financial to implement the NCR ImageMark Archive at the very heart of their image strategy without having to throw away their substantial investment in existing hardware," states Joe Kniceley, vice president of NCR Payment Solutions, America's Region. " The combined solution enables Allfirst Financial to eliminate microfilm and speed decision making and customer support while delivering outstanding value to the marketplace." About Allfirst Financial Allfirst Financial Inc. is a regional, 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 headquartered in Baltimore, MD, offering a full range of financial services including banking, trust, investment and insurance to retail, business and commercial customers. Its banking subsidiary, Allfirst Bank, operates over 260 bank branches and more than 575 ATMs throughout Maryland, Pennsylvania, Washington D.C., northern Virginia Northern Virginia (NoVA) consists of Arlington, Fairfax, Loudoun, and Prince William counties and the independent cities of Alexandria, Falls Church, Fairfax, Manassas, and Manassas Park. and Delaware. Allfirst Financial Inc.'s assets were $18 billion as of June 30, 2000. Allfirst Financial processes an average of 2 million checks per day and up to 4 million on peak days. Information about Allfirst Financial Inc. is available at . About Sterling Commerce Sterling Commerce, a wholly-owned subsidiary of SBC Communications Inc. (NYSE:SBC), is a worldwide leading provider of e-business solutions for the Global 5000 and their commerce communities. The Banking Systems Division is the leading provider of critical transaction processing Updating the appropriate database records as soon as a transaction (order, payment, etc.) is entered into the computer. It may also imply that confirmations are sent at the same time. Transaction processing systems are the backbone of an organization because they update constantly. solutions for major banks and other financial institutions. The company's business relationships for this division include over 85 of the top 100 U.S. banks and other major banks around the world by providing financial transaction processing, currency control, reconciliation, e-marketplace, e-business integration and e-business consulting solutions. Visit for more information about Sterling Commerce and its products and services. About NCR Corporation (company) NCR Corporation - Electronics company mainly active in the midrange server market. NCR was founded 1884 as National Cash Register Company. It joint the computer industry in th 1950s. NCR Corporation (NYSE:NCR) is a US$6.2 billion leader in providing Relationship Technology* solutions to customers worldwide in the retail, financial, communications, manufacturing, travel and transportation, and insurance markets. NCR's Relationship Technology solutions include privacy-enabled Teradata* warehouses and customer relationship management (CRM (Customer Relationship Management) An integrated information system that is used to plan, schedule and control the presales and postsales activities in an organization. ) applications, store automation and automated teller machines automated teller machine (ATM), device used by bank customers to process account transactions. Typically, a user inserts into the ATM a special plastic card that is encoded with information on a magnetic strip. (ATMs). The company's business solutions are built on the foundation of its long-established industry knowledge and consulting expertise, value-adding software, global customer support services support services Psychology Non-health care-related ancillary services–eg, transportation, financial aid, support groups, homemaker services, respite services, and other services , a complete line of consumable A material that is used up and needs continuous replenishment, such as paper and toner. "The low-tech end of the high-tech field!" and media products, and leading edge hardware technology. NCR employs 31,900 in 130 countries, and is a component stock of the Standard & Poor's 500 Index. More information about NCR and its solutions may be found at www.ncr.com. All products or company names mentioned are used for identification purposes only and may be trademarks of their respective owners. |
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