This allows financial institutions to disconnect from paper-based check processing systems and connect to a universal capture platform
Metavante Technologies, a provider of banking and payments technology, has introduced Enterprise Payments Manager: Capture, a corporation service designed to help financial institutions continue to deploy IBM 3890/XP transport technologies at low cost, mitigating rising per item cost and click charges.
According to the company the Enterprise Payments Manager: Capture (EPM: Capture) allows financial institutions to disconnect all high-speed transports, including IBM 3890s, from legacy host systems running check processing control system, SuperMICR, or any other paper-based check processing application.
The company said that this capability can reduce or eliminate image capture system click charges, while maintaining image capture at full transport rated speeds.
Paul Danola, president of image services at Metavante, said: “The expansion that resulted from years of decentralization has increased IT spending for these financial institutions. Metavante EPM: Capture’s hub and spoke architecture allows these institutions to consolidate remote sites under a single capture platform, providing operational savings.”
Metavante Technologies is the parent company of Metavante Corporation. The Corporation claims to deliver banking and payments technologies to approximately 8,000 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, consumer healthcare payments, electronic presentment and payment, outsourcing, and payment network services.