Girobank Plans Transfer of Payment Processing to Unisys.BLUE BELL, Pa.--(BUSINESS WIRE)--Aug. 19. 1997-- Agreement will foster service improvements for customers Unisys Corp. has announced that its subsidiary Unisys Payment Services Ltd. (UPSL) plans to run the document processing Processing text documents, which includes indexing methods for text retrieval based on content. See document imaging. operations of Girobank, the United Kingdom's leading money transmission bank and the commercial banking subsidiary of the Alliance & Leicester Leicester (lĕs`tər), city (1991 pop. 324,394) and district, Leicestershire, central England. The city is connected by canals with the Trent River and London, and it is also a railway center. . The proposed arrangement will run for an initial eight-year period. Subject to contract, this new agreement significantly enhances UPSL's position as the United Kingdom's largest and most successful provider of high-quality, cost-effective payment processing services. With centers in London and Glasgow, UPSL provides processing services to the Co-operative Bank The Co-operative Bank is a co-operative bank trading in the United Kingdom with headquarters in Manchester, UK. It is an ethical bank, and refuses to invest in companies involved in the arms trade, genetic engineering, animal testing and use of sweated labour as stated in its , Yorkshire Bank Yorkshire Bank is a commercial bank in England and Wales, a division of Clydesdale Bank. It mostly operates in the North of England, especially in Yorkshire. In 2006 underlying profit rose 16.7 per cent to £454m compared with a year earlier, while post tax earnings climbed 12. and Clydesdale Bank The Clydesdale Bank PLC is a commercial bank in the United Kingdom, a subsidiary of the nab Group. In Scotland, the Clydesdale Bank is the third largest clearing bank, although it also retains a branch network in London and the north of England. . The addition of new processing centers and skilled staff in the North West of England The West of England is a loose term given to the area surrounding the City and County of Bristol, England. It is increasingly used - e.g. by the West of England Partnership - as a synonym for the former Avon (county) area. will be the basis for UPSL to implement a regional processing strategy, which will benefit those existing clients and help win more new business. Under the agreement, UPSL will handle all Girobank's document processing requirements from receipt at Girobank to settlement. UPSL already carries out some processing work for Girobank -- making it well placed to develop its services for Girobank further. By transferring its document processing operations to UPSL, Girobank will be better able to concentrate on continuing to develop its broad range of business banking services. In 1996, Girobank handled nearly 73 billion British Pounds of business cash, equivalent to 1 British Pound in every 4 British Pounds that passed through the nation's tills. In recent years, Girobank has extended its services to include merchant acquiring (processing credit and debit card debit card, card that allows the cost of goods or services that are purchased to be deducted directly from the purchaser's checking account. They can also be used at automated teller machines for withdrawing cash from the user's checking account. transactions), asset finance and direct banking for smaller businesses. Girobank, in association with Post Office Counters Ltd., is also the market leader in bill payments, processing transaction on behalf of utilities and local authorities. UPSL utilizes state-of-the-art Unisys payment processing systems, which are already used by Girobank. These item image-processing systems are able to capture, store and retrieve images of checks and other payment documents. This can mean removing paper from workflows entirely, creating the opportunity to double amount- entry throughput The speed with which a computer processes data. It is a combination of internal processing speed, peripheral speeds (I/O) and the efficiency of the operating system and other system software all working together. 1. , move digital images automatically to where they are needed and use an expert system to balance and reconcile payments. UPSL is looking to increase its share of the United Kingdom's payment processing business and expects the transfer of facilities and staff at the Girobank centers in Bootle, Merseyside and Wigan Wigan (wĭg`ən), city (1991 pop. 88,725) and metropolitan district, N England, located in the Manchester metropolitan area on the Douglas River. should enable UPSL to attract substantial new business into the region from either current or future clients. The transfer is governed gov·ern v. gov·erned, gov·ern·ing, gov·erns v.tr. 1. To make and administer the public policy and affairs of; exercise sovereign authority in. 2. by the terms of the Transfer of Undertakings (Protection of Employment) regulations, and staff transferring (approximately 1,000 in number) will retain equivalent terms and conditions of employment conditions of employment that part of an employment that sets out the duties, responsibilities, hours of work, salary, leave and other privileges to be enjoyed by persons employed, for example a veterinary nurse, in private practice. . The transfer is planned to take place on Oct. 1, 1997, subject to contract. Peter White, chief executive of the Alliance & Leicester and chairman of Girobank, said, "In all parts of the Alliance & Leicester's business we are constantly striving to improve our services and develop our main areas of expertise. "Agreement with UPSL to handle document processing for Girobank will provide an excellent opportunity for us to maintain and improve Girobank's business. "It will also enable Girobank to concentrate on what it does best -- developing new services and ensuring that it continues to provide value for money and high-quality services for its business customers. The transfer will be good for Girobank's business and good for the long-term job prospects of staff." George Cox George Cox may refer to:
"This agreement both strengthens our partnership with Alliance & Leicester and places us in an ideal position to achieve future growth based on the expertise we have developed and will continue to develop in this specialist field." Unisys -- The Information Management Company Unisys is one of a select group of companies with the portfolio of services, technologies and third party alliances needed to deliver the benefits of information management -- helping clients use their information asset to enhance their competitiveness and responsiveness to customers. Our expertise in information management is founded on the strengths of our three global businesses: consulting, solutions and systems integration; industry-leading technologies; and comprehensive services and products supporting distributed computing environments See DCE. Distributed Computing Environment - (DCE) An architecture consisting of standard programming interfaces, conventions and server functionalities (e.g. naming, distributed file system, remote procedure call) for distributing applications transparently across networks . Access the Unisys home page on the World Wide Web -- http://www.unisys.com -- for further information. -0- Unisys is a registered trademark of Unisys Corp. All other brands and products referenced herein are acknowledged to be trademarks or registered trademarks of their respective holders. CONTACT: Unisys Susan Beck, 215/986-6036 Internet: susanbeck@unn.unisys.com or Keene Communications Daniel Couzens, 171-439-7227 Internet: danielc@keene.com or Alliance & Leicester Duncan Hart, press officer, 171-396-6464 |
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