CONIX Systems Announces Strategic Alliance with Avalon International.MANCHESTER, Vt. -- Manchester, Vt.-based CONIX Systems Inc., a leading provider of payment processing solutions to the 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. industry, announced today the formation of a strategic alliance with Norcross, Ga.-based Avalon International Inc., a provider of software products to the financial services and payment processing industries. The agreement, signed in April, will allow CONIX Systems and Avalon International to jointly develop a suite of reject repair, reject encode (1) To assign a code to represent data, such as a parts code. Contrast with decode. (2) To convert from one format or signal to another. See codec and D/A converter. (3) The term is sometimes erroneously used for "encrypt. and other products compatible with both the Unisys Item Processing System (IPS (1) (Inches Per Second) The measurement of the speed of tape passing by a read/write head or paper passing through a pen plotter. (2) (IPS) (Intrusion Prevention S ) and IBM CPCS The IBM Card-Programmed Electronic Calculator or CPC was announced by IBM in May 1949. Later that year an improved machine, the CPC-II was also announced. platforms. This joint development will allow both CONIX Systems and Avalon International to offer their customers a series of products incorporating the best attributes of both platforms. "As the financial services industry continues to consolidate, it has become ever more important that we offer imaging technology that is capable of speaking both languages," said Seth Narayanan, co-founder and 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 Avalon International. "By working with CONIX Systems we will be able to offer the products and solutions capable of navigating the most complex and demanding check and payment processing environments." "With Avalon International's reputation in the IPS arena, they were a perfect partner in offering financial institutions common applications that can operate effectively among different platforms," said 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 of CONIX Systems. "In this new era of mergers and acquisitions, this is what our customers need to effectively compete." About Avalon International Inc. Founded in 1991, Avalon International is a fast-growing provider of software products and services to the financial services and payment processing industries. Combining intellectual capital with precision thinking and relentless execution skills, the company delivers unique, powerful and reliable software solutions. Its products include ImagePro 21, advanced Prime Capture, Reject Re-entry RE-ENTRY, estates. The resuming or retaking possession of land which the party lately had. 2. Ground rent deeds and leases frequently contain a clause authorizing the landlord to reenter on the non-payment of rent, or the breach of some covenant, when the and Power Encode software for Unisys Item Processing System (IPS) and Image Check Processing System (ICPS See IXS. ) users. The company is headquartered in Norcross, Ga. For more information, call 888-784-8288 or visit its Web site at www.avalonintl.com. 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. 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, visit its Web site at www.conix.com. |
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