FISC Announces FISCheckAccelerator(TM) as New Service for Remittance/Lockbox Clients.LEWISTON, Maine Lewiston, in Androscoggin County, is the second-largest city in the U.S. state of Maine. The estimated 2007 population was 37,734. It is one of two principal cities of and included within the Lewiston-Auburn, Maine Metropolitan New England City and Town Area and the -- Financial Institutions Service Corporation (FISC fisc n. The treasury of a kingdom or state. [French, from Latin fiscus, money basket, treasury.] Noun 1. ) with corporate headquarters located in Lewiston, Maine, today announced it will convert Jackson Heights, New York-based United Spinal Association, to its newest cash management product FISCheckAccelerator[TM], marking the first of FISC's nonprofit clients to utilize this benefit. FISCheckAccelerator accelerates the funds availability of all check deposits made on behalf of FISC's remittance/lockbox clients. By eliminating daily paper deposits and instead transmitting them directly to the bank of first deposit via an electronic image file, deposits enter the check clearing process immediately. FISC's new cash management product is now available and provides, in most cases, a significant increase in funds availability on deposited items. "This is truly a savings opportunity for our remittance clients," said FISC CFO See Chief Financial Officer. and General Counsel Richard Scott Richard Scott may refer to:
This product is designed to work stand-alone or in conjunction with FISC's ARC product which converts consumer checks to ACH debits. Since ARC can only be used to convert consumer checks, there is still a percentage of work that must be deposited by paper to the bank. With FISCheckAccelerator, this remaining paper volume can be deposited through an electronic image file. In turn, the entire deposit can benefit from accelerated clearing and increased funds availability. "We are pleased to work with FISC to benefit from this cost savings opportunity," said Cary Castle, Director of Development at United Spinal Association. United Spinal Association was founded in 1946 by veterans with spinal cord injuries Spinal Cord Injury Definition Spinal cord injury is damage to the spinal cord that causes loss of sensation and motor control. Description Approximately 10,000 new spinal cord injuries (SCIs) occur each year in the United States. and disorders, to lead full and productive lives. In addition to providing over $52 million for spinal cord spinal cord, the part of the nervous system occupying the hollow interior (vertebral canal) of the series of vertebrae that form the spinal column, technically known as the vertebral column. research, United Spinal has many programs to improve the quality of life for paralyzed par·a·lyze tr.v. par·a·lyzed, par·a·lyz·ing, par·a·lyz·es 1. To affect with paralysis; cause to be paralytic. 2. To make unable to move or act: paralyzed by fear. veterans, children and adults. To learn more about United Spinal Association, visit www.unitedspinal.org. About FISC Headquartered in Lewiston, Maine with offices in Portsmouth, New Hampshire Portsmouth, New Hampshire is a city in Rockingham County, New Hampshire in the United States of America. It is the fourth-largest community in the county[1], with a population of 20,784 as of the 2000 census. , FISC has provided services and solutions to financial institutions and corporations for 30 years. The company designs and implements full-service outsourcing solutions that make the operations of financial, insurance, government, non-profit, and other organizations more efficient and more affordable. FISC's core services include item processing and electronic clearing, software solutions, loan servicing, lockbox, and disaster recovery services. In addition, FISC offers comprehensive statement and invoice printing, delivery, design and management. For more information, visit www.fiscsolutions.com or call 1.888.433.4924. |
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