BANK UP SHOWS GROWTH IN CORPORATE CAPTURE BIZ.Bank Up Corporation, San Ramon San Ramon (Spanish for "Saint Raymond") may refer to one of the following places:
Bank Up processed over $55,000,000.00 in remote corporate deposits in the month of July. Both deposit volume and transaction volume increased significantly. The deposit volume in June was $18.3 million dollars. Launched in October 2006, Bank Up's Remote Corporate Capture solution has now been deployed by 14 banks throughout the Western United States Noun 1. western United States - the region of the United States lying to the west of the Mississippi River
Santa Fe Trail - a trail that extends from Missouri to New Mexico; an important route for settlers moving west in the 19th century . "We attribute the dramatic increase in our business to several factors", said Michael Santimauro, 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 Bank Up Corporation. "First, we are seeing rapid adoption by our current bank customers. The number of our banks' new clients has grown by 43% since June. Second, the combined impact of imaging and Check 21 and the simultaneous development of the conversion capabilities from paper checks to electronic transactions are now becoming more prevalent in the small to mid-size business marketplace. Finally, since implementing our web-based RCC RCC - An extensible language. solution in May, we are seeing greater acceptance of our solution based on its ease of use and robust applications and features."
Bank Up's Remote Corporate Capture solution provides for complete hardware and software deployment Software deployment is all of the activities that make a software system available for use.
The general deployment process consists of several interrelated activities with possible transitions between them. and maintenance, flexible processing options and host integration. Bank Up's infrastructure can be implemented quickly, is cost- effective and has scalable pricing options. Bank Up also enables financial institutions to private label the solution with their own brand. The technology supporting Bank Up's solution is provided by Wausau, a leading provider of item processing and remote capture technology.
Remote Corporate Capture allows an institution's clients to use a check scanner at their office, processing center, or branch to electronically transmit check images or ACH-data to a bank for posting and clearing. The process provides clients with faster access to funds, reduced costs by eliminating the transportation of paper checks to a bank, and overall better risk management. Bank Up's Remote Corporate Capture Solution complements the company's other services, which include item and 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. processing, business continuity services and consulting, and hosted data back-up.
"Bank Up's Remote Corporate Capture solution is part of the company's strategic objective to provide a complete array of independent, cost effective services and solutions delivered from our Payment Processing Centers to keep our banks and credit unions at the forefront of innovation," Santimauro said.
About Bank Up Corporation
Bank Up Corporation is a privately held company privately held company
A firm whose shares are held within a relatively small circle of owners and are not traded publicly. that provides item and remittance processing, business continuity services, remote corporate capture processing, hosted data back-up and business continuity consulting to financial institutions and government agencies. Founded in 1989, Bank Up works with more than 70 customers across the country. Headquartered in San Ramon, Calif., the company has offices in El Monte El Monte (ĕl mŏn`tē), city (1990 pop. 106,209), Los Angeles co., S Calif.; inc. 1912. A residential, industrial, and commercial city in the San Gabriel Valley, El Monte manufactures furniture, electronic equipment, semiconductors, , Calif., Atlanta and St. Louis. Bank Up is SAS (1) (SAS Institute Inc., Cary, NC, www.sas.com) A software company that specializes in data warehousing and decision support software based on the SAS System. Founded in 1976, SAS is one of the world's largest privately held software companies. See SAS System. 70 Levels 1&11 certified.
For more information, call 925-277-3900, or visit http://www.bank-up.com.