Aquracy.com and Open Scan Technologies Team to Speed Exception-Mail Handling.Business Editors CHICAGO and BIRMINGHAM, Ala.--(BUSINESS WIRE)--March 7, 2000 Aquracy.com(TM) Corporation and Open Scan(TM) Technologies Inc., today announced an agreement to offer their customers a unique solution for automating the labor-intensive exception mail found in some of today's remittance-processing operations. Exception mail (any remittance Money sent from one individual to another in the form of cash, check, or some other manner. Financial statements sent by a creditor to a debtor frequently refer to the process of submitting a monthly remittance. REMITTANCE, comm. law. mail that requires operator intervention) is time-consuming and labor-intensive. Documents must be sorted by size or content, scanned, stored and individually archived. This often requires multiple workstations and multiple operators. By combining the solutions offered by Aquracy.com and Open Scan, all envelope contents of exception mail can now be scanned immediately upon opening, without presorting, which eliminates costly manual operations. "We are pleased to offer our customers a mailroom-imaging solution that can accurately capture full-page or mixed-content documents that are typically associated with exception and mid- to high-tier volume processing," said James S. Cowen, President of Aquracy.com. "By imaging all contents in a given envelope and keeping all documents together, Open Scan's technology protects content and transaction integrity." "Our software ties directly into Aquracy.com's wholesale lockbox Lockbox A collection and processing service provided to firms by banks, which collect payments from a dedicated postal box to which the firm directs its customers to send payment to. and remittance processing software," said Nadine Lange, 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. of Open Scan Technologies A method for testing chips on the printed circuit board by building the chip with additional input and output pins that are used only for test purposes. Full scan methods test all the registers on the chip. . "The seamless integration An addition of a new application, routine or device that works smoothly with the existing system. It implies that the new feature or program can be installed and used without problems. Contrast with "transparent," which implies that there is no discernible change after installation. from Mail Scan(TM) to AQURIT(TM) can now go from the mailroom mail·room n. A room in which ingoing and outgoing mail is handled for a company or other organization. through final check imaging, depositing and reporting while protecting the user's legacy hardware and software investment." About Aquracy.com Corporation Headquartered in Chicago, Aquracy.com provides check, remittance and wholesale lockbox systems for community banks, credit unions, non-profits and commercial entities. In 1999 AQURIT(TM) software was recognized as the Best Wholesale Banking Solution finalist for the Microsoft Industry Solution Awards and the first 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 Partner to have NCR WiseIP(TM) systems installed on both NCR 7731 and NCR 7780. Aquracy.com products are available by calling toll free at 877.4AQURIT (877/427-8748), through their Aquvar Partners, or visiting their web page at www.aquracy.com. About Open Scan Technologies, Inc. Specializing in the innovative methods of data extraction Data extraction is the act or process of retrieving (binary) data out of (usually unstructured or badly structured) data sources for further data processing or data storage (data migration). and processing, OPEN SCAN is based in Denver, Colorado and markets its flagship Mail Scan(TM) product directly and through business partners. Its one-step solution of integrating, prepping and scanning of mixed size and type documents, then tying them to existing third party software, is a one-of-a-kind solution. Open Scan products are available by calling 303-333-7444 or visiting their web page at www.openscantech.com. |
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