Data Center Inc. Joins CheckClear's Endpoint Exchange Network; Leading Community Banking Service Bureau Brings More Than 150 New Endpoints To Image Exchange Network.Business Editors HUTCHINSON, Kan.--(BUSINESS WIRE)--July 8, 2003 Data Center Inc. (DCI (Display Control Interface) An Intel/Microsoft programming interface for full-motion video and games in Windows. It allowed applications to take advantage of video accelerator features built into the display adapter. ), a leading national provider of community bank information processing information processing: see data processing. information processing Acquisition, recording, organization, retrieval, display, and dissemination of information. Today the term usually refers to computer-based operations. , announced today that it has joined the Endpoint Exchange Network. Through an alliance with CheckClear LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , the National Clearing House Association (NCHA NCHA National Cutting Horse Association NCHA Northern Collegiate Hockey Association NCHA National College Health Assessment NCHA North Carolina Hospital Association NCHA Northern Counties Housing Association NCHA National Clearing House Association ) and the Central Oklahoma
Central Oklahoma is the geographical name for the central region of the state. It is also known by the Oklahoma Department of Tourism designation, Frontier Country. Clearing House Association (COCHA), DCI will now offer check image exchange through the Endpoint Exchange Network to their 150+ community banking customers from Vancouver, Wash. to Little Rock, Ark. Membership in the Endpoint Exchange Network is an ideal fit for banking service bureau providers such as DCI. Many of DCI's community banking customers have remote branches. Currently, these branches are forced to begin processing and transporting their checks and cash letters at mid-day, to ensure that they don't miss a posting deadline. Any checks that arrive after mid-day are designated as "next day" items, resulting in a day of lost interest on deposits. Electronic check image exchange via the Endpoint Exchange Network would allow these remote branches to extend their presentment presentment: see indictment. deadlines to accept items for "same day" processing much later in the day. A.J. Krail, 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 DCI, said, "With community banks pressed to uncover new ways to improve the bottom line, the Endpoint Exchange Network offers a variety of ways to lower check clearing costs and reduce per-item presentment costs with faster clearing and settlement. Because checks will clear up to two days faster, our customers will see a reduction in float costs. The quicker turnaround will help DCI's customers identify fraudulent items sooner, which will increase their collection rates on returned checks. All of these increased check clearing and settlement efficiencies will have a very positive impact on our community banking clients." Mark Craig, General Manager of CheckClear LLC, owner and operator of the Endpoint Exchange Network, added, "DCI is a first-rate banking technology company with a complete portfolio of advanced banking solutions and a great reputation for customer support and service. DCI's participation in our national network is significant because it provides our 2000+ Endpoint Exchange Network members the potential to link with more than 150 DCI clients -- extending our reach and making our national network even more efficient." About the Endpoint Exchange Network Use of CheckClear LLC's Endpoint Exchange Network, based in Oklahoma City Oklahoma City (1990 pop. 444,719), state capital, and seat of Oklahoma co., central Okla., on the North Canadian River; inc. 1890. The state's largest city, it is an important livestock market, a wholesale, distribution, industrial, and financial center, and a farm , enables U.S. financial institutions to clear their check-based transactions by allowing for the exchange of check images between member banks, thrifts, credit unions, service bureaus, clearinghouses, and the Federal Reserve. Already over 2000 financial institutions have enrolled in the national network, which is the largest and only mechanism of its kind in operation. The Endpoint Exchange Network is the country's first and only electronic check clearing network that capitalizes on existing imaging infrastructure and settlement relationships, with the goal of connecting every endpoint in the nation. Learn more about Endpoint Exchange at www.endpointexchange.com. About Data Center Inc. (DCI) Based in Hutchinson, Kan., DCI delivers bank technology products and services to community banks of all sizes, nationwide. DCI solutions include iCore client/server processing, executive management and reporting systems; IT and networking services; Internet banking; item 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 , document imaging; teller/branch automation; frame relay A high-speed packet switching protocol used in wide area networks (WANs). Providing a granular service of up to DS3 speed (45 Mbps), it has become popular for LAN to LAN connections across remote distances, and services are offered by most major carriers. communications, and ATM/debit card processing. For more information, contact Mark Harris at 620/694-6771 or mharris@datacenterinc.com. |
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