Citizens Bank Chooses P&H wcmVirtualBranch to Provide Remote Image Capture Capabilities for Their Business Customers.NEWTON, Mass. -- P&H Solutions, the leader in providing business banking solutions to financial institutions throughout North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. , announced today that Citizens Bank, with over $148 billion in assets, has chosen P&H wcmVirtualBranch as the platform from which it will provide remote image capture capabilities to its business customers located throughout the US. P&H's wcmVirtualBranch complements a full array of online cash management functionally, such as ACH & Wire origination, reporting, and reconciliation, with the benefits of remote check processing. This industry-leading combination of Web Cash Manager and Storefront Partner RDM's Image and Transaction Management System (ITMS iTMS iTunes Music Store (Apple) ITMS Interim Traffic Management System ITMS Immediate (Check) Truth Maintenance System (AI) ITMS Integrated Transportation Management System ) allows financial institutions to give their clients the convenience of complete payment processing right from their desktops. "P&H's wcmVirtualBranch will allow our business customers to easily scan any form of payment for deposit, including consumer and business checks, money orders, travelers checks, and remittance coupons directly from their desktops and will let them automatically update their accounts receivable accounts receivable n. the amounts of money due or owed to a business or professional by customers or clients. Generally, accounts receivable refers to the total amount due and is considered in calculating the value of a business or the business' problems in paying systems, " said William Wray, Chief Information Officer of Citizens Financial Group. "Our initial marketing efforts have produced strong demand for this new capability and our belief is that it will be adopted by businesses of all sizes in the near future." wcmVirtualBranch is an electronic check processing platform that is innovative and flexible to meet the complex needs of a financial institution's processing requirements for check image capturing, either check truncation (IRD IRD Institut de Recherche pour le Développement (French) IRD Inland Revenue Department (New Zealand's tax revenue collection department) IRD Integrated Receiver Decoder ) and/or conversion (ARC and POP). The system is scalable to meet multiple presentment environments, including centralized lockboxes and distributed locations. In addition, wcmVirtualBranch helps meet the needs of business customers by reducing costs and increasing efficiencies in their check processing environment. "Citizens Bank is well known for providing exemplary service to its diverse customer base," said Ralph Dangelmaier, President of P&H Solutions. "P&H wcmVirtualBranch will help continue this tradition by providing business customers with the ability to conduct banking activities on a 24X7 basis without having to travel to a branch or ATM. This should prove to be quite attractive to businesses of all types." About P&H Web Cash Manager Suite The P&H Web Cash Manager Suite is the industry-leading web-based business banking system, and it can be deployed through an in-house environment or by using the P&H Outsource Solution Center. It allows financial institutions of all sizes to uniquely package products and services for different markets, or even individual customers, from a single flexible platform. Financial institutions can choose from over 90 different modules designed for the smallest SOHO Soho (sōhō`, sə–), district of Westminster, London, England, known for its continental restaurants. Once a fashionable quarter, it became popular among writers and artists in the 19th cent. client up through the largest corporate client. The P&H Web Cash Manager Suite also provides an infrastructure for integrating other products and services offered by financial institutions. About P&H Solutions Since its founding in 1983, P&H Solutions has continually focused on the needs of financial institutions and their customers, with a strong commitment to helping financial institutions meet their strategic business banking objectives by delivering the most robust application suite in the industry. With over 150 financial institutions in production with its Web Cash Manager Suite, P&H Solutions is the market leader in adding demonstrative LEGACY, DEMONSTRATIVE. A demonstrative legacy is a bequest of a certain sum of money; intended for the legatee at all events, with a fund particularly referred to for its payment; so that if the estate be not the testator's property at his death, the legacy will not fail: but be payable value to the business banking relationship. Leading industry analyst firms have consistently ranked P&H Solutions as the number one cash management vendor and in the top three providers of small business solutions. P&H customers include AmSouth, Bank of Hawaii Bank of Hawaii, a subsidiary of Bank of Hawaii Corporation (NYSE: BOH), is a regional commercial bank headquartered in Honolulu, Hawaii. It is Hawaii's second oldest bank and its largest locally owned bank in that majority of the voting stockholders reside within the state. , Citibank, City National Bank, J.P. Morgan Chase, Merrill Lynch Merrill Lynch & Co., Inc. (NYSE: MER TYO: 8675 ), through its subsidiaries and affiliates, provides capital markets services, investment banking and advisory services, wealth management, asset management, insurance, banking and related products and services on a global basis. , Old National, PNC PNC Purdue University North Central (Westville, Indiana) PnC Point 'n Click PNC Police National Computer PNC People's National Congress (Guyana) PNC People's National Congress , Sovereign Bank, and Wells Fargo Wells Fargo armored carriers of bullion. [Am. Hist.: Brewer Dictionary, 1147] See : Protectiveness Wells Fargo company that handled express service to western states; often robbed. [Am. Hist. , as well as hundreds of credit unions, community banks, savings banks, and regional financial institutions. P&H Solutions is headquartered in Newton, Massachusetts The City of Newton in Middlesex County, Massachusetts, is an important residential suburb of Boston, which abuts it on the east. According to the 2000 census, the population of the Newton was 83,829, making it the tenth largest city in the state. , with offices in many other states. Additional information can be found at www.ph.com or by calling 617-796-7700. P&H and P&H Web Cash Manager Suite are trademarks of P&H Solutions, Inc. |
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