Signet Banking Corp. Chooses IA Corp. Software to Create World's Largest Volume Check Image Archive.EMERYVILLE, Calif.--(BUSINESS WIRE)--March 17, 1997--IA Corp. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :IACP IACP International Association of Chiefs of Police IACP International Academy of Collaborative Professionals IACP International Association of Culinary Professionals IACP Istituto Autonomo Case Popolari IACP International Academy of Compounding Pharmacists ) announced today that its CheckVision(R) Archive software, with All Items capabilities, has been installed by Signet Banking Corp. to create the largest volume check image archive system currently in production in the world. With the new system, Signet Bank is able to capture up to two million images per day, with a total storage capacity of 50 million images. The system can output up to 40,000 image items on a single CD-ROM CD-ROM: see compact disc. CD-ROM in full compact disc read-only memory Type of computer storage medium that is read optically (e.g., by a laser). for delivery to customers. Between cycles, customers can access images directly from the bank either by direct dial on-line or via the internet. Signet Bank is using the product to improve customer service, reduce costs and offer new products which strategically position the bank ahead of its competition. The new system is based on CheckVision Archive software from IA, the first client/server all items archive on the market, Unisys DP 1800 systems located at several remote locations and Unisys RAID storage. "In 1991, Signet Bank became one of the first to use image technology to streamline internal bank operations and became first again in 1994 when we developed leading edge image services for our corporate clients," said Phil Setterlund, senior vice president at Signet Banking Corp. "IA software is allowing us to once again break a barrier in providing more all-encompassing information to our customers, both internal and external." IA CheckVision Archive with All Items capabilities allows banks to electronically archive all 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. items including "on-us" checks (checks drawn on their own accounts), "transit" checks (checks from all other banks), cash-substitution and non-check documents. The new product gives banks a powerful new tool to streamline the handling of millions of items and information. The new All Items Archive capability offers several advantages to banks. It positions banks to meet the seven-year legal requirement of storing billions of document images as well as give customers real-time 1. real-time - Describes an application which requires a program to respond to stimuli within some small upper limit of response time (typically milli- or microseconds). Process control at a chemical plant is the classic example. access to check images and other cash management documents with on-line viewing. "The Signet Bank solution is a breakthrough in the industry and shows that IA's products are allowing banks to realize their vision and move into electronic banking," said Thierry Leger, vice president of marketing for IA Corp. "Digital check archive opens the door to a number of new applications and services within a bank, as well as answer the increasing demand by customers for expanded digitized information which can be accessed via their local network or on-line." CheckVision Archive with All Items capabilities is a module of IA's CheckVision software. CheckVision provides image-based check processing applications for banks to optimize optimize - optimisation the cash management services. CheckVision includes a full suite of applications such as digital check image statements, image enabled account reconcilement (ARP), digital check image delivery, exchange, research/inquiry and image-enabled positive pay. Signet Banking Corp. Background Signet is a $12 billion financial institution with headquarters in Richmond, Va. The company offers a wide array of 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. through its Capital Markets, Commercial and Consumer Banking businesses. Signet has offices in Virginia, Maryland and the District of Columbia District of Columbia, federal district (2000 pop. 572,059, a 5.7% decrease in population since the 1990 census), 69 sq mi (179 sq km), on the east bank of the Potomac River, coextensive with the city of Washington, D.C. (the capital of the United States). and markets several of its products nationally. IA Background IA Corp. (NASDAQ:IACP) is headquartered in Emeryville. The company develops, markets, implements and supports software solutions for financial services organizations that require flexible automation of high-volume, complex transactions. The company currently sells two leading application framework software products for advanced cash management services, CheckVision and RemitVision, which are built upon the company's advanced, client/server complex transactions management software platform, WorkVision. IA offers scalable, enterprise-wide application framework software products that enable its customers to manage and automate To turn a set of manual steps into an operation that goes by itself. See automation. their business processes from end to end. These software products are deployed through professional services (job) professional services - A department of a supplier providing consultancy and programming manpower for the supplier's products. that include comprehensive installation, training, ongoing maintenance, support and development services. The company's customers include GE Capital Mortgage Corp., Harris Bank, Mellon Bank Corp., Sanwa Bank California, Ltd., and UMB (1) (Upper Memory Block) See UMA. (2) (Ultra Mobile Broadband) See 3GPP. 1. UMB - Upper Memory Block. 2. UMB - A university(?). Bank, NA. IA is located at 1900 Powell St., Emeryville, CA 94608-1840, U.S. Telephone: 510/450-7000. Fax: 510/450-7099. Email: info@ia-us.com; Website: http://www.ia-us.com . CONTACT: IA Corp. Thierry Leger, 510/450-6816 Thierry.Leger@ia-us.com or Signet Banking Corp. D. Phillip Setterlund, 804/747-2786 or Mesa Communications Lisa Wilson Lisa Marie Wilson (born April 14, 1980) is a beauty queen and singer from Rome, Georgia who has competed in the Miss USA pageant and appeared on American Idol. Wilson won the Miss Georgia USA 2006 title in a state pageant held in Newnan in late 2006. , 303/220-1971 wilsonlis@aol.com |
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