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Unisys Helps Enhance Check Processing at the People's Bank of China with First-Ever Digital Signature Capability; Unisys document-processing solutions help lay foundation for check truncation.


BEIJING -- Unisys Corporation (company) Unisys Corporation - The company formed in 1984-5 when Burroughs Corporation merged with Sperry Corporation. This was when the phrase "dinosaurs mating" was coined.  (NYSE NYSE

See: New York Stock Exchange
:UIS (graphics, programming) UIS - A VMS graphics programming interface package for VAXstations. ) today announced that the Tianjin Payment Document Clearing and Settlement Center (Center) of the People's Bank of China The People's Bank of China (PBC or PBOC) (Simplified Chinese: 中国人民银行; Traditional Chinese:  (PBOC PBOC People's Bank of China
PBOC People's Bank Of California
) signed a contract to acquire and deploy the Unisys check processing system.

The project includes Unisys Network Document Processor (NDP NDP New Democratic Party (Canada)
NDP National Development Plan (Republic of Ireland)
NDP National Development Plan
NDP National Democratic Party (Barbados) 
) solutions with a built-in digital signature function that represents the first application of its kind in China, laying the foundation for secured image exchange and check truncation capabilities.

The Center intends the solutions to replace its legacy check clearing system, and plans to integrate new technology with a range of existing applications.

Under the terms of the agreement, the Tianjin Branch Payment Document Clearing and Settlement Center will deploy multiple Unisys high-speed NDP1150 and tabletop Source NDP document processing Processing text documents, which includes indexing methods for text retrieval based on content. See document imaging.  systems, along with application software. The new configurations will support its regional check processing operation in Tianjin as well as check transfer processing for the Beijing and Langfang operations of PBOC.

The NDP1150 can be upgraded easily and the deployment at the Tianjin Branch Settlement Center can be flexibly scaled to meet the Center's future growth requirements.

A contract signing ceremony A signing ceremony is a ceremony in which a bill passed by a legislature is signed (approved) by an executive, thus becoming a law.

Modern-day signing ceremonies are derived from ceremonies that occurred when the British monarch gave Royal Assent to acts of Parliament.
 was held in Tianjin and officiated by Madam Lu Fen, director of PBOC Tianjin Payment Document Clearing and Settlement Center, and Mr. David Wu

For other people named David Wu, see David Wu (disambiguation).


David Wu (Traditional Chinese: 吳振偉; Pinyin: Wú Zhènwěi 
, partner and general manager of Global 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.
 for Unisys in China.

"Our Center is a pioneer in adopting state-of-the-art technologies to improve our efficiencies. We have been examining the clearing systems of a few domestic and overseas banks. We also have compared the offerings of a couple of leading vendors and are convinced that the NDP series and comprehensive check processing system from Unisys is the best appropriate solution of choice for building our next-generation capabilities in this area," said Madam Lu.

"Unisys is pleased that the Tianjin Payment Document Clearing and Settlement Center of PBOC has selected us for this important assignment. The Unisys NDP family offers unrivalled functionality, performance, compatibility, robustness and scalability. Unisys believes that this project with PBOC will be an excellent showcase for how the local banking sector can leverage best-in-class technologies to raise the bar for operational efficiencies," said Mr. Wu of Unisys.

About PBOC

The People's Bank of China (PBOC) was established in 1948 through the consolidation of the former Huabei Bank, Beihai Bank and Xibei Farmer Bank. In 1983, the State Council promulgated prom·ul·gate  
tr.v. prom·ul·gat·ed, prom·ul·gat·ing, prom·ul·gates
1. To make known (a decree, for example) by public declaration; announce officially. See Synonyms at announce.

2.
 that PBOC would function as the central bank of China. Its central bank status was legally confirmed in 1995 by the Third Plenum of the Eighth National People's Congress
A similar term is "National Congress", which is a less common translation of People's Political Consultative Conference.
The National People's Congress (Simplified Chinese:
. In 2003, the Standing Committee of the Tenth National People's Congress approved the law amendment for strengthening the role of PBOC in the making and implementation of monetary policy for safeguarding the overall financial stability and provision of financial services. For more information, visit www.pbc.gov.cn.

Tianjin Payment Document Clearing and Settlement Center

The Tianjin Payment Document Clearing and Settlement Center of the PBOC undertakes the bills settlement and clearing responsibilities of the bank in Tianjin and its nearby districts. Built on its automated clearing and settlement system, the center has further developed complementary modules for bill handling, document and bill information exchange. It pioneered the country by deploying an integrated automated clearing and settlement system for local and foreign currencies.

About Unisys

Unisys is a worldwide technology services and solutions company. Our consultants apply Unisys expertise in consulting, systems integration, outsourcing, infrastructure, and server technology to help our clients achieve secure business operations. We build more secure organizations by creating visibility into clients' business operations. Leveraging Unisys 3D Visible Enterprise, we make visible the impact of their decisions - ahead of investments, opportunities and risks. For more information, visit www.unisys.com.

RELEASE NO.: 0809/8699

http://www.unisys.com/about__unisys/news_a_events/08098699.htm

Unisys is a registered trademark of Unisys Corporation. All other brands and products referenced herein are acknowledged to be trademarks or registered trademarks of their respective holders.
COPYRIGHT 2006 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2006, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Geographic Code:9CHIN
Date:Aug 10, 2006
Words:655
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