VSoft Corporation Joins CheckClear's Endpoint Exchange Network; Provider of Check Image Processing Software to Extend Product Offering with Access to Check Image Exchange.Business Editors/High-Tech Writers ATLANTA--(BUSINESS WIRE)--Oct. 2, 2003 VSoft Corporation, a global information and technology solutions provider of check imaging and data management software, announced today that it has joined the Endpoint Exchange Network as an Image Exchange Distributor and solution developer. VSoft Corporation will now offer check image exchange through CheckClear L.L.C.'s Endpoint Exchange Network, to their check imaging software customers. Congress is expected to approve "The Check 21 Act" this fall, accelerating the banking industry's move toward nationwide truncation and check image exchange. While the transition to truncation and image exchange is gaining momentum, check imaging software providers like VSoft Corporation are helping their banking customers prepare to transition to an image-based environment. The transition is aimed at positioning banks to capitalize on Cap´i`tal`ize on` v. t. 1. To turn (an opportunity) to one's advantage; to take advantage of (a situation); to profit from; as, to capitalize on an opponent's mistakes s>. the efficiency, cost savings, and new revenue opportunities created by check image exchange. CheckClear's Endpoint Exchange Network is a national network through which all U.S. financial institutions can send and exchange check images rather than paper checks for clearing and settlement. Already surpassing 3,200 member institutions, the Endpoint Exchange Network is the country's only operating check image clearing network that enables financial institutions to clear their check-based transactions by exchanging check images between Endpoint Exchange Network member institutions. CheckClear's Endpoint Exchange Application Program Interface (API (Application Programming Interface) A language and message format used by an application program to communicate with the operating system or some other control program such as a database management system (DBMS) or communications protocol. ) provides full interoperability The capability of two or more hardware devices or two or more software routines to work harmoniously together. For example, in an Ethernet network, display adapters, hubs, switches and routers from different vendors must conform to the Ethernet standard and interoperate with each other. between any item-processing platform, allowing each member to exchange images and data with all other platforms with full transparency (1) The quality of being able to see through a material. The terms transparency and translucency are often used synonymously; however, transparent would technically mean "seeing through clear glass," while translucent would mean "seeing through frosted glass." See alpha blending. . VSoft's membership in the Endpoint Exchange Network will allow its customers to take full advantage of this interoperability on a national level. By combining VSoft's state-of-the-art check imaging platform with the Endpoint Exchange Network's ability to eliminate fine sorts, VSoft can offer customers a truly revolutionary level of efficiency in item processing. Murthy Veeraghanta, President of VSoft Corporation said, "VSoft's business is built on using check imaging technology to improve efficiencies and decrease costs for banks. Interfacing our VSoft eDesk Capture suite of solutions to the Endpoint Exchange Network will provide our customers with even greater cost savings and efficiencies. Our banking customers will see a reduction in item passes, capture and processing expenses, float expense, and courier A monospaced typeface originating from the typewriter that is commonly used for letters. It is still considered by many to be the "appropriate" typeface for business correspondence. fees. They will also realize an increase in NSF NSF - National Science Foundation fee income and improved fraud detection. VSoft Corporation and the Endpoint Exchange Network are a winning combination for our check imaging customers." Mark Craig Craig , Edward Gordon 1872-1966. British theatrical producer, director, and designer whose innovative productions and simplified stage designs influenced modern theater. , General Manager of CheckClear L.L.C., owner and operator of the Endpoint Exchange Network, added, "One of the main reasons behind the acceptance of the Endpoint Exchange Network is the quality of the technology partner alliances we have formed. VSoft Corporation's eDesk Capture and SPICE solutions provide full-featured, image-enabled data capture functions, providing an ideal function fit into the Endpoint Exchange Network. VSoft Corporation's customers will leverage their check imaging software investment and realize all the financial and operational benefits of check image exchange with a fully integrated and optimized interface into the Endpoint Exchange Network." About CheckClear's Endpoint Exchange Network Use of CheckClear L.L.C.'s Endpoint Exchange Network, based in Oklahoma City Oklahoma City (1990 pop. 444,719), state capital, and seat of Oklahoma co., central Okla., on the North Canadian River; inc. 1890. The state's largest city, it is an important livestock market, a wholesale, distribution, industrial, and financial center, and a farm , enables U.S. financial institutions to clear their check-based transactions by allowing for the exchange of check images between member institutions. Already over 3200 financial institutions have enrolled in the national network, which is the largest, and only mechanism of its kind in operation. The Endpoint Exchange Network is the country's first and only electronic check clearing network that capitalizes on existing imaging infrastructure and settlement relationships, with the interoperability to connect to every endpoint in the nation. Learn more about Endpoint Exchange at www.endpointexchange.com. About VSoft Corporation A provider of check image processing image processing Set of computational techniques for analyzing, enhancing, compressing, and reconstructing images. Its main components are importing, in which an image is captured through scanning or digital photography; analysis and manipulation of the image, accomplished software to the 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. industry, Atlanta-based VSoft Corporation has been offering scalable, flexible solutions since its inception INCEPTION. The commencement; the beginning. In making a will, for example, the writing is its inception. 3 Co. 31 b; Plowd. 343. Vide Consummation; Progression. in 1996. Led by industry experts with a proven track record in excellence, VSoft Corporation is proud of its ability to provide technology designed for easy implementation and migration from the proprietary banking systems of the past. VSoft's experienced systems Integration teams ensure that every customer is met with the VSoft advantage. VSoft Corporation has multiple products, services and support that cover back office, operations, and retail functions. These solutions are designed to maximize In a graphical environment, to enlarge a window to the full size of the screen. See Win Maximize windows. core efficiencies while reducing operational costs. More information about the company can be found at www.vsoftcorp.com. |
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