Source Technologies Broadens Client Base, Strengthens Key Partnerships.New Customers, Products and Partnerships Drive Financial Technology Innovator's Growth CHARLOTTE, N.C. -- Source Technologies, a leading provider of integrated solutions for managing financial transactions and other secure business processes, announced 2006 results which included adding more than 300 new customers; introducing five products spanning both its payment solutions and self-service business divisions, and establishing industry partnerships with Diebold and Phoenix Interactive, among others. In 2006, the company sustained its traditionally strong presence in banking and government, while continuing to see solid growth in other verticals, particularly manufacturing and service industries. New customers included such companies as Credit Suisse The Credit Suisse Group (SWX:CSGN, NYSE: CS) is a financial services company, headquartered in Zürich, Switzerland. It is the second-largest Swiss bank, behind UBS AG. , RBC Centura RBC Centura is the U.S. retail banking division of Royal Bank of Canada (RBC). The bank's headquarters are located in Raleigh, North Carolina. It was acquired by RBC in 2001. Services include banking, investment, loan, mortgage, and life insurance. , Georgia Pacific, Meadwestvaco, Northrop Grumman Northrop Grumman Corporation (NYSE: NOC) is an aerospace and defense conglomerate that is the result of the 1994 purchase of Grumman by Northrop. The company is the third largest defense contractor for the U.S. and UPS. "Our long-standing reputation for innovation was widely noted across industries in 2006," said Bill Bouverie, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , Source Technologies. "Earning successive recognition in the FinTech 100 and Self-Service Kiosk show awards underscores our leadership in both financial services and retail sectors." Source Technologies' Payment Solutions division introduced e-DocSecure for wholesale lending and three new 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. printers, including the ST9510 27ppm desktop MICR printer, ST9550 50ppm workgroup MICR printer, and the ST9551 secure multi-function MICR printer (MFP (MultiFunction Printer, MultiFunction Peripheral) See all-in-one and MFD. ). The firm's Self-Service division announced the production release of the Concourse[TM] 3 Series, and the redesign of its Concourse[TM] 5 Series and 7 Series kiosks that incorporated feature and device expansion for future upgrades. In addition to its business performance benchmarks, Source Technologies ranked for the second consecutive year among the FinTech 100, an international annual listing of the top vertical technology vendors serving the financial services industry. In addition, the company won awards for Outstanding Achievement in Financial Self Service and Outstanding Achievement in Self Service at the 2006 Self Service and Kiosk Show for its deployment of Bill Payment Kiosks at Cox Communications. About Source Technologies Founded in 1986, Charlotte, N.C.-based Source Technologies is a leading provider of integrated solutions for managing financial transactions and other secure business processes. In addition to its family of magnetic ink character recognition (business, printer) Magnetic Ink Character Recognition - (MICR) A character recognition system using special ink and characters which can be magnetised and read automatically. (MICR) printers and consumables, Source Technologies offers secure disbursement DISBURSEMENT. Literally, to take money out of a purse. Figuratively, to pay out money; to expend money; and sometimes it signifies to advance money. 2. software and the ground-breaking CONCOURSE family of branch automation and self-service solutions. Customers include nine of the top ten U.S. Banks, plus hundreds of community banks, credit unions, Fortune 1000 and mid-sized companies. Source Technologies has created more than $500 million in economic value for its customers in the last ten years. For more information, visit www.sourcetech.com. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion