REMITCO Develops Customized ''Same Day'' Payments Decisioning Capabilities with eGistics.DALLAS -- eGistics, Inc., the leading provider of on-demand image and data archival, management and delivery services to 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. markets, today announced that it has been chosen by REMITCO, a First Data company, to deliver Web-based capabilities for image retrieval An image retrieval system is a computer system for browsing, searching and retrieving images from a large database of digital images. Most traditional and common methods of image retrieval utilize some method of adding metadata such as captioning, keywords, or descriptions to the and same day payments dispositioning and decisioning. REMITCO developed its client decisioning tool, called PO$ITIVE PO$T(SM), in conjunction with eGistics. REMITCO is one of the leading providers of consumer-to-business payments processing services. With high-speed remittance processing, advanced clearing services and Web-based image archive services, REMITCO specializes in offering payment-processing solutions customized to fit its clients' needs. "eGistics' on-demand platform is ideal for companies, such as REMITCO, that face the challenge of constantly adapting their image and data archive, management and delivery capabilities to stay ahead of changing client desires and business opportunities," said Bob Lund, chief executive officer of eGistics. "The technologies of eGistics and REMITCO that are brought together through this relationship provide major financial institutions and corporate billers with improved access, manageability and processing for their images and data. We look forward to helping REMITCO build on its already robust product solution suite." "For major financial institutions and corporate billers, the ability to view images of transactions and exception items on-demand is a critical component of payment processing," said Scott Dickey, president of REMITCO. "As a result of our work with eGistics, our clients benefit from innovative Web technology, expert service and support. The outcome is significant improvements in availability and information float The time it takes to make information available to employees or to the public after it has been captured. , while enabling us to more effectively and efficiently manage our clients' business processes." With PO$ITIVE PO$T(SM) technology, REMITCO's clients can provide same-day instructions on how to process previously unprocessable transactions without interrupting the standard remittance processing flow. Now, transactions that had been rejected for reasons like an invalid account number or unbalanced multiple payments can be handled quickly and efficiently. Gary Provo, executive vice president of eGistics, and Kathi Plymouth, vice president of product and marketing for REMITCO, will discuss the benefits of on-demand, image-based, payment transaction management during a presentation on Monday, June 12th at The Association for Work Process Improvement's (TAWPI (The Association for Work Process Improvement, Boston, MA, www.tawpi.org) A membership organization dedicated to the improvement of work processes in data capture, document and remittance processing. ) 36th Annual Forum & Expo. The conference will be held at the Navy Pier in Chicago. About REMITCO REMITCO is the payment processing subsidiary of First Data and one of the largest retail lockbox providers in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , processing over 60 million payments per month. First Data Corp. (NYSE NYSE See: New York Stock Exchange :FDC FDC - Floppy Disk Controller ) is a leading provider of electronic commerce and payment solutions for businesses and consumers worldwide. Serving 4.6 million merchant locations, 1,600 card issuers and millions of consumers, First Data powers the global economy by making it easy, fast and secure for people and businesses around the world to buy goods and services In economics, economic output is divided into physical goods and intangible services. Consumption of goods and services is assumed to produce utility (unless the "good" is a "bad"). It is often used when referring to a Goods and Services Tax. using virtually any form of payment. The company's portfolio of services and solutions includes credit, debit, private-label, gift and other prepaid card issuing and merchant transaction processing Updating the appropriate database records as soon as a transaction (order, payment, etc.) is entered into the computer. It may also imply that confirmations are sent at the same time. Transaction processing systems are the backbone of an organization because they update constantly. services; money transfer services; money orders; fraud protection and authentication solutions; check guarantee and verification services through TeleCheck; as well as Internet commerce and mobile solutions. Western Union, Vigo and Orlandi Valuta together make up one of the world's largest money transfer networks with over 270,000 agent locations in more than 200 countries and territories. The company's STAR Network offers PIN-secured debit acceptance at 1.9 million ATM and retail locations. For more information, visit www.firstdata.com. About eGistics eGistics pioneered the use of on-demand image and data archival, management and delivery services in the financial services marketplace. Today, its Infinite Digital Architecture (IDA Ida (ē`dä), city (1990 pop. 91,859), Nagano prefecture, central Honshu, Japan, on the Tenryu River. It is an agricultural market and railway junction. ) archives billions of images and supports mission-critical payments applications for the world's leading financial services companies. Through its on-demand business model, eGistics consistently delivers significant business benefits for payments applications such as retail and wholesale receivables processing, check processing/Check 21, medical payments processing (EOB EOB Explanation Of Benefits EOB End Of Block EOB Eye of the Beholder (game) EOB Executive Office Building (next to White House) EOB Electronic Order of Battle EOB Electricity Oversight Board ), and loan processing and management. eGistics is based in Dallas. For more information on eGistics visit www.egisticsinc.com or call 214-256-4600. "eGistics" and variations of the name are the property of eGistics, Inc., and are protected pursuant to an application filed with the United States Patent and Trademark Office The United States Patent and Trademark Office (PTO or USPTO) is an agency in the United States Department of Commerce that provides patent protection to inventors and businesses for their inventions, and trademark registration for product and intellectual property . |
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