First Citizens Bank Chooses VSoft's eDesk for CD Distribution; eDesk Saves Customers Time and Prepares Them for Check 21 Era.ATLANTA Atlanta (ətlăn`tə, ăt–), city (1990 pop. 394,017), state capital and seat of Fulton co., NW Ga., on the Chattahoochee R. and Peachtree Creek, near the Appalachian foothills; inc. 1847. -- VSoft Corporation, a global information and technology provider of financial solutions, announced that First Citizens Bank, a $12.8 billion asset size bank headquartered in Raleigh Raleigh (rôl`ē, räl`ē), city (1990 pop. 207,951), state capital, and seat of Wake co., central N.C.; the site was selected for the capital in 1788, and the city was laid out and inc. 1792. , NC, has chosen to implement its eDesk Distribution product. First Citizens Bank offers individual and business banking services and operates 335 branches in North Carolina North Carolina, state in the SE United States. It is bordered by the Atlantic Ocean (E), South Carolina and Georgia (S), Tennessee (W), and Virginia (N). Facts and Figures Area, 52,586 sq mi (136,198 sq km). Pop. , Virginia Virginia, state, United States Virginia, state of the south-central United States. It is bordered by the Atlantic Ocean (E), North Carolina and Tennessee (S), Kentucky and West Virginia (W), and Maryland and the District of Columbia (N and NE). , and West Virginia West Virginia, E central state of the United States. It is bordered by Pennsylvania and Maryland (N), Virginia (E and S), and Kentucky and, across the Ohio R., Ohio (W). Facts and Figures Area, 24,181 sq mi (62,629 sq km). Pop. . eDesk Distribution allows institutions to deliver images of paid checks on CDs to corporate customers. Customers can use the eDesk Distribution viewer to search for and view check images from the CD based on MICR (Magnetic Ink Character Recognition) The machine recognition of numeric data printed with magnetically charged ink. It is used on bank checks and deposit slips. MICR readers detect the characters and convert them into digital data. fields, dates, or search values. eDesk Distribution provides customers with a powerful tool to perform research on items and transactions, and create queries by date, range of dates, specific MICR field or range or MICR fields. Built-in built-in - (Or "primitive") A built-in function or operator is one provided by the lowest level of a language implementation. This usually means it is not possible (or efficient) to express it in the language itself. capabilities allow customers to save, print, fax, or e-mail the item images or statements. "We based our decision on VSoft's reputation to deliver," said Charles Dail, senior vice president and manager of item processing at First Citizens Bank. "Our company is at the forefront of check imaging, and we are excited that this new tool will increase our offering to our customers and help us continue to build strong business relationships." "The delivery of statements on CD is among the most significant emerging trends in the U.S. 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. industry," said Murthy Veeraghanta, president, VSoft Corporation. ""With the passing of the Check 21 act, as customers move away from the return of physical checks, eDesk Distribution will allow them to keep images of their checks rather than the paper, making their transition into the new era of imaging virtually effortless ef·fort·less adj. Calling for, requiring, or showing little or no effort. See Synonyms at easy. ef  fort·less·ly adv. ."
Producing and transferring images on CDs rather than the traditional paper statements reduces the labor-intensive retrieval and reconcilement of paper checks, lowers storage costs, and allows for anytime/anywhere readability read·a·ble adj. 1. Easily read; legible: a readable typeface. 2. Pleasurable or interesting to read: a readable story. . eDesk Distribution improves operational efficiencies and reduces costs by taking advantage of modern technologies. CD Distribution is much more efficient and cost effective than printing paper statements and allows for quick and easy research and retrieval on checks, statements, and deposits. About First Citizens Bank Founded in 1898, First Citizens operates 335 branches in 200 cities and towns in North Carolina, Virginia and West Virginia. Headquartered in Raleigh, the bank has $12.8 billion in assets. The bank offers individual and business banking services, as well as trust, insurance and investor services. First Citizens Bank is committed to providing superior financial services to individual customers and small to mid-sized businesses. For more information about First Citizens Bank and its services, visit firstcitizens.com or call toll-free 1-888-FC DIRECT (1-888-323-4732). About VSoft Corporation A global information and technology provider of financial solutions, Atlanta-based VSoft Corporation has been offering scalable, flexible software since its inception in 1996. Led by industry experts with a proven track record in excellence, VSoft Corporation is proud of its ability to provide technology designed for easy implementation and migration from the proprietary financial systems of the past. VSoft's experienced systems integration teams ensure that every customer is met with the VSoft Advantage. VSoft Corporation has multiple products, services and support that cover back office, operations and retail banking functions. These solutions are designed to maximize core efficiencies while reducing operational costs. More information about the company can be found at www.vsoftcorp.com. |
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