Carreker-Antinori, Fiserv, NPC and UPS Worldwide Logistics join forces.DALLAS--(BUSINESS WIRE)--March 24, 1997-- Strategic Alliance Offers Single Source Technology and Processing Solutions for Financial Institutions Today, Carreker-Antinori, Fiserv, NPC 1. (complexity) NPC - NP-complete. 2. (architecture) NPC - Next Program Counter. (National Processing Co.), and UPS Worldwide Logistics announced plans to form INFITEQ(SM), a single source cash management, check clearing and processing provider serving financial institutions across 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. . INFITEQ(SM) plans to offer nationwide solutions for deposit processing, check clearing, disbursement DISBURSEMENT. Literally, to take money out of a purse. Figuratively, to pay out money; to expend money; and sometimes it signifies to advance money. 2. and receivables activity, and image services. In delivering these solutions to financial institutions, the alliance will leverage proven capabilities in systems integration, full-service processing, cash management services, image-based technology, and global transportation and distribution. Nationwide delivery of these services will be increasingly important to financial institutions as the industry enters into full interstate banking. "Corporate customers demanding better, faster and more convenient banking and advanced technology are rapidly changing the way financial institutions provide services," said Leslie M. Muma, Vice Chairman, President and Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. , Fiserv, Inc. "Through this new alliance, these financial institutions will have access to an expanded realm of advanced technology solutions, specialized services and product enhancements." Fiserv capabilities expected to be leveraged by the venture include the national Fiserv network of full-service item processing centers, BankLink cash management systems, the Fiserv ImageSoft suite of image-based solutions and the Fiserv InformEnt(TM) enterprise-wide data warehouse solution. "As a partner in this joint venture, we will extend our marketing strategy to reach 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. niche in a new way we have not previously explored," said David R. Zook, Executive Vice President, NPC. "Serving as an extension of the financial institution's existing operations department Operations department See: Back office. operations department See back office. , this new alliance allows financial institutions to offer processing options and delivery technology that may not reside in the institution. NPC is very happy about the opportunity to forge an alliance with other technology leaders to provide a customized, integrated platform of solutions to financial institutions." NPC will offer a nationwide lockbox network along with other customized solutions for various administrative, operations 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 needs. "The alliance leverages each provider's core competency providing the scale necessary for delivering enhanced nationwide services," said Denny Carreker, 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. , Carreker-Antinori. "It will enable financial institutions to meet their customers' requirements and expand their banking services nationwide while freeing them from the expense of continual and costly technology investments." "We welcome the opportunity to apply the global transportation and distribution assets and expertise of UPS Logistics Group to meet the rapidly growing demand for totally integrated services in the financial industry," said Ray Thurston, CEO of the UPS Logistics Group. "The alliance's service offering will provide our customers a competitive advantage nationally and globally." Carreker-Antinori, is a specialized provider of consulting, payment systems expertise, workflow software solutions, and management services dedicated to increasing shareholder value for financial institutions. The Dallas-based company is recognized for developing answers to generate revenue, reduce infrastructure expenses, streamline overall operations, detect check fraud, integrate systems and capitalize on technology. Carreker-Antinori also leads a major initiative driving electronic check presentment through its software products, and management services roles in Electronic Check Clearing House Organization (ECCHO ECCHO Electronic Check Clearing House Organization ECCHO Emerald Coast Coursing Hound Organization (Florida) ) and Payment Solutions Network, Inc. (PSN (Packet-Switched Network) A communications network that uses packet switching technology. PSN - Packet Switch Node ). Fiserv, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :FISV FISV Fiserv, Inc (stock symbol) ) is an independent provider of financial data processing systems and related information management products and services to more than 5,000 banks, credit unions, mortgage firms and savings institutions worldwide. Headquartered in Brookfield, Wis., Fiserv has the largest item processing client base in the industry, and is recognized as having extensive knowledge of item processing, imaging solutions and other back-office processes performed in financial data centers. NPC (National Processing Co.), (NYSE NYSE See: New York Stock Exchange :NAP) is a leading provider of low-cost, high-volume transaction processing services and customized processing solutions, processing more than 2.8 billion transactions per year. The company provides outsourced administrative and financial functions for corporations -- including remittance processing, accounts payable, freight bill audit and settlement, and tailor made solutions for processing information through unique applications of Internet and imaging technology. NPC also provides processing and settlement services to the travel industry. Headquartered in Louisville, the company is the second largest processor of merchant credit and debit card debit card, card that allows the cost of goods or services that are purchased to be deducted directly from the purchaser's checking account. They can also be used at automated teller machines for withdrawing cash from the user's checking account. transactions and the third largest processor of check acceptance services in the United States. Established in 1993, UPS Worldwide Logistics is a third-party provider of global supply chain management solutions, including distribution, transportation management, warehouse operations, inventory management, documentation for import and export, network optimization and reverse logistics. UPS Worldwide Logistics is part of UPS Logistics Group, a wholly owned and independently managed subsidiary of United Parcel Service United Parcel Service, Inc. (NYSE: UPS), commonly referred to as UPS, is the world's largest package delivery company, delivering more than 15 million packages[1] a day to 6.1 million customers in over 200 countries and territories around the world. of America, Inc. CONTACT: Carreker-Antinori John D. Carreker, III, 972/458-1981 or Fiserv, Inc. Leslie M. Muma, 414/879-5000 or NPC Dan Shingler, 216/575-2441 or UPS Worldwide Logistics: Brenda Fuller, 770/206-4267 |
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