Bob Merkle to Provide Expertise on Growing Need For Duplicate Detection at 2007 Fiserv Imagesoft Client Conference.CONIX Systems' Marketing Manager Will Explain the Benefits of Proactive Duplicate Elimination MANCHESTER, Vt. -- What: The advent of Check 21 has increased the potential for the posting of duplicate payments, as banks must process automated clearinghouse (ACH (Automated Clearing House) A system of the U.S. Federal Reserve Bank that provides electronic funds transfer (EFT) between banks. It is used for all kinds of fund transfer transactions, including direct deposit of paychecks and monthly debits for routine payments to ), 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. items, images and image replacement documents within their payment systems. This problem is exascerbated by the expansion of back office conversion (BOC (Bell Operating Company) One of 22 companies that was formerly part of AT&T and later organized into seven regional companies. See RBOC. ) and remote capture. In all, this trend results in a dramatically higher number of processed duplicate items, costing banks more than $75 each and, tarnishes customer relationships. Financial institutions must face this avoidable problem proactively, as the shift away from paper checks promise to increase the number of duplicates processed. Who: Bob Merkle, marketing manager for CONIX Systems, will present the need for duplicate detection and the benefits of a proactive approach to their identification prior to reaching the payments system. Merkle, an expert with more than 30 years of experience in 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. marketing, product development and sales, will also discuss CONIX Systems' Dupe Detective, a solution designed to prevent double postings to customer accounts. When: Merkle will speak from 4:15 p.m. to 5:00 on Wednesday, April 25 at the 2007 Fiserv Imagesoft Client Conference. The session will be held at the Renaissance Orlando Resort at SeaWorld. About CONIX Systems CONIX Systems, Inc. is a world leader in providing payment processing software and related services to the financial services industry. The company's products, in some form, touch or process an estimated 100 billion paper and electronic items each year and handle virtually every aspect of payment processing -- including work flow management, balancing, branch capture, corporate capture, and electronic check presentment presentment: see indictment. . CONIX software and services are used by approximately 90 percent of the largest banks in the country. Founded in 1992, the company is headquartered in Manchester, Vt., with offices throughout the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . For more information about CONIX and its products and services, please contact Frank Stokes Stokes , William 1804-1878. British physician. Known especially for his studies of diseases of the chest and heart, he expanded on the observations of John Cheyne in describing the breathing irregularity now known as Cheyne-Stokes respiration. , president, Technology Group at 800-332-1842, email at rfs@conix.com, or visit the company's Web site at www.conix.com. |
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