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BANCTEC ANNOUNCES STRATEGIC PARTNERSHIP IN CHILE

 DALLAS, Sept. 14 /PRNewswire/ -- BancTec, Inc. (NASDAQ: BTEC) announced today that it has purchased a 33 percent equity interest in Servibanca, S.A., a check processing service bureau located in Santiago, Chile. Servibanca processes eight million checks each month for several major Chilean banks and is a South American leader in utilizing advanced technology to maximize document processing efficiency. Digital Equipment Corporation (DEC) is a 50 percent owner of SONDA S.A., a Chilean distributor that also has a one-third equity interest in Servibanca.
 Servibanca will install a complete BancTec ImageFIRST(R) check processing system within the next 12 months and will be the first financial transaction processor in Chile to utilize high-speed image technology. The service bureau will also distribute BancTec image processing systems, document processing systems and stand-alone reader/sorters to banks, service bureaus and other financial transaction processors in Chile and other countries in South America.
 BancTec has installed image and document processing systems throughout the world for over 20 years. Grahame N. Clark Jr., BancTec's chairman and chief executive officer, states, "We have been very successful during the past two years in opening up new markets in Germany, France, Switzerland, Sweden and other European countries. As a part of our on-going expansion, we've looked for ways to successfully enter the South American end-user market. We're confident that financial document processors in Chile and throughout South America will find that BancTec's ImageFIRST products are excellent solutions to their financial document processing requirements."
 BancTec, Inc. is a worldwide provider of electronic and document- based financial transaction processing systems, application software and support services. BancTec develops turn-key document image processing and data capture solutions for the banking, financial services, insurance, government, utility, telecommunications and retail industries. The company also designs and manufactures document processing equipment for OEM customers and provides third-party maintenance and support services for LANs and personal computers.
 -0- 9/14/93
 /CONTACT: Gary Robinson, senior vice president and chief financial officer of BancTec, Inc., 214-450-7753/
 (BTEC)


CO: BancTec, Inc.; Servibanca, S.A. ST: Texas IN: CPR SU:

TS -- NY061 -- 1800 09/14/93 13:37 EDT
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Publication:PR Newswire
Date:Sep 14, 1993
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