Trustmark Selects VECTORsgi Distributed Capture and Image Exchange Solutions; Solutions Reduce Transactional Costs and Enable Image Exchange between Multi-State Branches.ADDISON, Texas Addison is a city in Dallas County, Texas (USA). The population was 14,166 at the 2000 census. Addison is a northern suburb of Dallas. The city calls itself the Town of Addison but it is incorporated as a city. -- VECTORsgi, a Metavante company and leading provider of financial transaction applications, announced that Trustmark National Bank, a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Trustmark Corporation (Nasdaq:TRMK), has selected the VECTOR Capture Anywhere, VECTOR IQA IQA Institute of Quality Assurance (UK) IQA International Quilt Association IQA Internal Quality Audit IQA Independent Quality Assurance IQA Incoming Quality Audit and VECTOR Image See vector graphics. Exchange solutions for check image exchange reducing transactional costs between the company's branch locations in Florida, Mississippi, Tennessee and Texas. With the contract, Metavante Corporation Metavante is a company that provides financial technology services and software to its customers, consisting primarily of small to large sized financial institutions. The $1.5 billion organization is headquartered in Milwaukee, Wisconsin and employs over 5,600 employees in 35 U.S. will expand its long-term relationship with Trustmark, which uses a variety of Metavante technologies; Metavante is the financial technology subsidiary of Marshall & Ilsley Corporation (NYSE NYSE See: New York Stock Exchange :MI). "The VECTOR Capture Anywhere and VECTOR Image Exchange solutions provide undeniable business benefits in a Check 21 environment," said Nick Anderson For the editorial cartoonist, see . Nelison "Nick" Anderson (born January 20, 1968 in Chicago, Illinois) is a retired American basketball player. He spent thirteen years in the NBA (beginning in 1989), most of them with the Orlando Magic. , senior vice president of Trustmark National Bank. "The transactional savings and image exchange capabilities garnered from these solutions position Trustmark to experience a significant return on software investment and enhance operational efficiencies." Tower Group analyst Robert Hunt Robert Hunt may refer to:
With the VECTOR Image Exchange Solution, Trustmark will receive and process files, identify exception items, process exceptions via image, and shorten the traditional settlement process. It will also perform "virtual" capture and reject repair and automated balancing to complete transactions. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Sydney Smith
The VECTOR Capture Anywhere Solution collects and balances image deposits electronically, streamlining item processing and extending the time available to make deposits. This allows banks to offer increased funds availability and reduced float, regardless of time zone or location. "Remote capture opportunities at branches, automated teller machines automated teller machine (ATM), device used by bank customers to process account transactions. Typically, a user inserts into the ATM a special plastic card that is encoded with information on a magnetic strip. (ATMs) and correspondent banks can dramatically reduce Trustmark's transportation costs while eliminating the chance of backlog due to weather-related circumstances or unforeseen events," Hicks said. "The solution presents a low-risk opportunity for Trustmark to diminish geographic barriers and aggressively pursue a broader footprint." About Trustmark Trustmark National Bank is a wholly owned subsidiary of Trustmark Corporation (Nasdaq:TRMK), a financial services company providing banking and financial solutions through over 145 offices and 2,600 associates in Florida, Mississippi, Tennessee and Texas. For additional information, visit www.trustmark.com. About Metavante Metavante Corporation is a leading provider of image-based check processing and distributed image-capture solutions through its companies, which include VECTORsgi, Advanced Financial Solutions (AFS A distributed file system for large, widely dispersed Unix and Windows networks from Transarc Corporation, now part of IBM. It is noted for its ease of administration and expandability and stems from Carnegie-Mellon's Andrew File System. AFS - Andrew File System ) and The Endpoint Exchange Network. The Endpoint Exchange Network enables U.S. financial institutions to clear their check-based transactions by allowing for the exchange of check images between member institutions. Metavante delivers banking and payment technologies to financial services firms and businesses worldwide. Metavante products and services drive account processing for deposit, loan and trust systems, image-based and conventional check processing, electronic funds transfer See EFT. (application, communications) electronic funds transfer - (EFT, EFTS, - system) Transfer of money initiated through electronic terminal, automated teller machine, computer, telephone, or magnetic tape. , consumer health care payments, and electronic presentment and payment. Headquartered in Milwaukee, Metavante (www.metavante.com) is wholly owned by Marshall & Ilsley Corporation (NYSE:MI). About VECTORsgi VECTORsgi, a Metavante company, is a leading provider of innovative financial transaction processing solutions including distributed capture, image processing and exchange, dispute resolution and e-commerce solutions for financial institutions and corporations. Its products have been licensed more than 2,800 times by corporations and financial institutions ranging in size from community banks to top ten financial institutions to international banking organizations. VECTORsgi is recognized by the American Banker and the research firm Financial Insights in the FinTech 100, an international annual listing of the top technology providers for financial institutions. The Addison, Texas-based company, founded in 1976, provides innovative solutions not only to help financial institutions and corporations streamline their payment systems and operations, but also to leverage their image processing investment and maximize the benefits of check truncation. VECTORsgi also helps financial institutions enhance profitability by offering consulting services that provide management consulting and business practice improvement. For more information about the company, visit www.VECTORsgi.com. Editor's note: The correct usage of the VECTORsgi name is "VECTOR" in upper case with "sgi" in lower case. |
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