Canadian Outsourcer Expands Usage of VECTORsgi Product Line; Software Solutions Enhance Productivity.ADDISON, Texas Addison is a city in Dallas County, Texas (USA). The population was 14,166 at the 2000 census. Addison is a northern suburb of Dallas. The city calls itself the Town of Addison but it is incorporated as a city. -- VECTORsgi, a Metavante company and a leading provider of financial transaction applications, today announced a large contract with a leading provider of bank and lockbox outsourcing services in Canada to provide the latest version of the VECTOR Exceptions Solution and VECTOR Returns Solutions. The VECTOR Exceptions Solution, which streamlines and automates both paper and electronic transactions, and the VECTOR Returns Solution, which simplifies the incoming return process, will ready the outsourcing firm for the Truncation and Electronic Cheque Presentment project (TECP TECP Tax-Exempt Commercial Paper TECP Truncation and Electronic Cheque Presentment TECP Totally Encapsulated Chemical Protective (breathing apparatus) TECP Trainer Engineering Change Proposal TECP Test & Evaluation Concept Plan ), an initiative by the Canadian Payments Association The Canadian Payments Association (CPA) is a not-for profit association created in 1980 by an act of parliament, the Canadian Payments Act, to "establish and operate national systems for the clearing and settlement of payments and other arrangements for the making or exchange of (CPA (Computer Press Association, Landing, NJ) An earlier membership organization founded in 1983 that promoted excellence in computer journalism. Its annual awards honored outstanding examples in print, broadcast and electronic media. The CPA disbanded in 2000. ) that will transform the current clearing process for checks and other paper-based items. "Our solutions are designed to empower our customers with automated workflows that result in a reduction in risk as well as cost," said Sydney Smith
The implementation of both VECTOR Exceptions and VECTOR Returns will facilitate improved exception handling productivity, easier tracing, faster access to check images for reference and timelier reporting. The image-enabled solutions are part of the outsourcer's moves to prepare for the TECP requirements. The use of imaging is expected to greatly reduce the need for transportation and courier arrangements, which are currently necessary to support the present environment in some remote regions of Canada. The first phase of implementation will support a major Canadian bank and accommodate six provinces in Canada. About VECTORsgi VECTORsgi, a Metavante company, is a leading provider of financial transaction and e-payment processing, 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 and image exchange, item processing, dispute resolution and e-commerce solutions for financial institutions and corporations. Its products have been licensed more than 2,300 times by financial institutions ranging in size from community banks to top ten U.S. financial institutions to international banking organizations. VECTORsgi is recognized by American Banker American Banker is a daily newspaper covering the financial services industry. Founded in 1835 and based in New York, American Banker's 70 reporters and editors in six cities monitor developments and breaking news affecting banks. and the research firm Financial Insights in the FinTech 100, an international annual listing of the top technology providers for financial institutions. The Addison, Texas-based company, founded in 1976, provides innovative solutions not only to help financial institutions and corporations streamline their item processing operations and payment systems, but also to leverage their image process investment and maximize the benefits of check truncation. VECTORsgi also helps financial institutions enhance profitability by offering consulting services that provide management consulting Noun 1. management consulting - a service industry that provides advice to those in charge of running a business service industry - an industry that provides services rather than tangible objects and business practice improvement. For more information about the company, visit www.VECTORsgi.com. All products or company names mentioned are used for identification purposes only and may be trademarks of their respective owners. Editor's note Editor's Note (foaled in 1993 in Kentucky) is an American thoroughbred Stallion racehorse. He was sired by 1992 U.S. Champion 2 YO Colt Forty Niner, who in turn was a son of Champion sire Mr. Prospector and out of the mare, Beware Of The Cat. Trained by D. : The correct usage of the VECTORsgi name is "VECTOR" in capitals with "sgi" in lower case. |
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