Compushare Consultative Solutions Enhances Check 21 Expertise; Experts Available to Help Community Financial Institutions Determine Impact of Check 21 Initiatives.SOUTH COAST METRO South Coast Metro is an area in Orange County, California loosely defined by its proximity to South Coast Plaza and comprising the parts of Santa Ana and Costa Mesa nearest it. It lies completely within area code 714. , Calif. -- Compushare, a provider of information technology, consulting and implementation solutions for community financial institutions, has enhanced its Consultative Solutions practice area with the addition of Check 21 experts Robert Rice and James Read James Christopher Read (born July 31, 1953) is an American actor. Read was born in Buffalo, New York. He stared acting as student of the University of Oregon where he graduated in 1976. . Compushare's Consultative Solutions group serves community financial institutions by providing expertise and documentation for any and all IT and information security projects. The Check Clearing for the 21st Century Act, more commonly called Check 21, is aimed at fostering innovation and enhancing efficiency in the payments system by reducing some of the legal impediments to check truncation. Check 21 legalizes a negotiable instrument negotiable instrument, bill of exchange, check, promissory note, or other written contract for payment that may serve as a substitute for money. It is simple in form and easy to transfer. called a substitute check, which permits banks to truncate To cut off leading or trailing digits or characters from an item of data without regard to the accuracy of the remaining characters. Truncation occurs when data are converted into a new record with smaller field lengths than the original. original checks, to process check information electronically and to deliver substitute checks to banks that want to continue receiving paper checks. The law does not require banks to accept checks in electronic form nor does it require banks to use the new authority granted by the Act to create substitute checks. As part of the Consultative Solutions practice area, Rice and Read specialize in performing Business Impact Analyses with a Check 21 focus for community financial institutions. These assessments enable Compushare's clients to understand the IT requirements, security issues, cost and operational impact of Check 21-related initiatives. As an information security consultant, Rice creates working technology plans to address security, infrastructure impact and availability concerns related to Check 21. Previously, he worked as an enterprise architect for Wausau Financial Systems, where he was part of a team that researched and designed secure and scalable Check 21 application architecture for distributed check image capture and deposit. He also provided leadership and guidance to technical teams implementing global Check 21 application rollouts. Rice is an AIIM (Association for Information and Image Management International, Silver Spring, MD, www.aiim.org) A membership organization founded in 1943 devoted to creating industry standards and disseminating information about the document management industry. and CUBS User member. As a senior IT consultant, Read assists community financial institutions in identifying IT solutions that fit their specific needs. Previously, Read spent 20 years working for Pifer Financial Systems, beginning as a junior hardware technician and working his way up to CTO (Chief Technical Officer) The executive responsible for the technical direction of an organization. See CIO and salary survey. . Read was instrumental in designing numerous check processing, imaging, storage and retrieval solutions for clients, including Check 21 solutions. Compushare acquired Pifer Financial Systems in April 2005. "Community financial institutions across the country depend on Compushare to provide expertise and objective insight on IT and information security issues and depend on us to stay up-to-date on current technologies and regulations that impact these areas," said Romir Bosu, president 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 Compushare. "The addition of Rob and Jim provides our clients with access to top industry experts on Check 21, and enables those institutions that are considering moving towards electronic check truncation to truly understand the potential impact on their business operations Business operations are those activities involved in the running of a business for the purpose of producing value for the stakeholders. Compare business processes. The outcome of business operations is the harvesting of value from assets , technology and security." About Compushare Compushare is a professional services (job) professional services - A department of a supplier providing consultancy and programming manpower for the supplier's products. firm that specializes in providing information technology consulting Information technology consulting (IT consulting or business and technology services) is a field that focuses on advising businesses on how best to use information technology to meet their business objectives. and solutions to community financial institutions. The firm helps clients plan, implement, execute and support technology and processes to upgrade IT infrastructure, remain compliant with federal and state regulations and automate or outsource IT functions. Headquartered in South Coast Metro, Calif., Compushare has additional offices in Barrington, N.J., Chicago, Dallas, Houston, Las Vegas and San Francisco. For more information visit www.compushare.com. |
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