Brink's U.S. Signs with Metavante to Offer Banks and Corporate Customers a Growing Range of Remote Check Image Capture Services.Brink's, a premier provider of logistics solutions and secure transportation, expands services with Metavante's Sendpoint distributed image capture technology MILWAUKEE -- Brink's U.S., a division of Brink's Incorporated, a global leader in providing secure logistics solutions, and Metavante Corporation Metavante is a company that provides financial technology services and software to its customers, consisting primarily of small to large sized financial institutions. The $1.5 billion organization is headquartered in Milwaukee, Wisconsin and employs over 5,600 employees in 35 U.S. , the technology subsidiary of Marshall & Ilsley Corporation (NYSE NYSE See: New York Stock Exchange :MI), announce the launch of Metavante's Sendpoint distributed image capture service to Brinks' cash vaults across the country. Metavante's Sendpoint service provides for the remote image capture and image exchange of deposits and payments received from Brink's Vaults, accelerating deposit capture from receipt through posting and presentment presentment: see indictment. . Brink's manages a large national network of more than 100 cash vaults around the country. Combining cash processing and logistics, Web-based information tools and secure armored transportation, Brink's allows financial institutions to compete in new markets without expanding their branch network. In conjunction with Metavante Image Solutions, Brink's now offers a suite of vault vault, ceiling over a room, formed in any one of a variety of curved shapes. Nature of Vaults A vault is generally composed of separate units of material, such as bricks, tiles, or blocks of stone, so shaped or cut that when assembled they form a image solutions, enabling check image capture and electronic presentment throughout its nationwide network. Brink's customers can take advantage of a complete, end-to-end end-to-end a pattern of anastomosis in which severed ends are matched and united, in contrast with other patterns such as end-to-side or side-to-side. Usually applied to anastomosis of the intestine. image-enabled payment processing solution designed to help them expand geographic reach, lower costs and reduce risk. "Brink's and Metavante Sendpoint are redefining traditional cash vault services by offering financial institutions and retailers an efficient and cost effective electronic check solution. Together, we are integrating with financial institution back-office systems to provide check images and customer posting information," said Fred Purches, senior vice president, strategic solutions and product management, Brink's U.S. "Establishing a long-term strategic alliance with an industry expert like Metavante is not only exciting, but beneficial to our customers. We can now give customers a full range of deposit and payment management solutions, eliminating costly logistics, improving availability of funds and creating new efficiencies in the supply chain." "The integration of Metavante's Sendpoint check image capture technology with Brink's vault operations is a excellent example of how the payments industry can push capture out to a distributed environment," said Brian Hurdis, president, Metavante Image Solutions. "Brink's is offering an innovative solution that provides a competitive advantage for banks, and high-volume merchants and corporate accounts." Metavante Image Solutions provides comprehensive solutions that help banks and businesses transition from paper to electronic payments and image processing image processing Set of computational techniques for analyzing, enhancing, compressing, and reconstructing images. Its main components are importing, in which an image is captured through scanning or digital photography; analysis and manipulation of the image, accomplished . Solutions that can be delivered in-house or outsourced include distributed capture, check 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, fraud detection, and document and report management. Metavante Image Solutions customers encompass banks and corporations of all sizes worldwide from de novo [Latin, Anew.] A second time; afresh. A trial or a hearing that is ordered by an appellate court that has reviewed the record of a hearing in a lower court and sent the matter back to the original court for a new trial, as if it had not been previously heard nor decided. banks to the largest financial institutions and corporations. How It Works In the constantly changing secure logistics industry, Brink's has continually con·tin·u·al adj. 1. Recurring regularly or frequently: the continual need to pay the mortgage. 2. led the way by creating innovative services and solutions. Now, with Metavante's Sendpoint distributed image capture applications, financial institutions can receive a secure, locally 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. proof of balance. Specifically, the cash-in tickets and paper checks are truncated truncated adjective Shortened as they are image captured. Then, check deposits are balanced, adjusted and forwarded to the Metavante Sendpoint service, where the check images are formatted as custom X9.37 files for posting or bank-to-bank image exchange. This scalable, full-service solution improves commercial customer float, provides real-time web access to information and nearly eliminates the need for costly transportation and processing of physical checks, which allows Brink's to timely process deposits virtually anywhere in the country. Currently, this innovative solution is in production for two of the nation's top five financial institutions and will be introduced to other business partners throughout the course of this year. About Brink's, Incorporated Brink's Incorporated is a global provider of secure logistics solutions including the world-class transportation, currency and coin processing, ATM services, document destruction and advanced technology solutions such as the Brink's CompuSafe Service and Brink's iCash System that deliver critical business intelligence, improved productivity and enhanced security. Brink's U.S., a division of Brink's Incorporated operates the nation's most extensive network of secure transportation services with more than 2,300 armored vehicles in 250 branches. For more information visit the Brink's Web site at www.brinksinc.com or call toll-free (800) BRINKS - 5. About Metavante Metavante Corporation delivers banking and payments technologies to over 8,600 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. firms and businesses worldwide. Metavante products and services drive account processing for deposit, loan and trust systems, image-based and conventional check processing, electronic funds transfer See EFT. (application, communications) electronic funds transfer - (EFT, EFTS, - system) Transfer of money initiated through electronic terminal, automated teller machine, computer, telephone, or magnetic tape. , consumer healthcare payments, electronic presentment and payment, and business transformation services. Headquartered in Milwaukee, Metavante (www.metavante.com) is wholly owned by Marshall & Ilsley Corporation (NYSE: MI). On April 3, 2007, Marshall & Ilsley Corporation announced its plans to split Metavante Corporation and Marshall & Ilsley Corporation into independent publicly traded companies publicly traded company A company whose shares of common stock are held by the public and are available for purchase by investors. The shares of publicly traded firms are bought and sold on the organized exchanges or in the over-the-counter market. . Metavante is a registered trademark and Sendpoint is a trademark of Metavante Corporation. |
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