STRATEGIC PARTNERS
November 3, 2002
MOSINEE, Wis. & SANTA CLARA, Calif. -- Wausau Financial Systems (WFS) and Infonoxhave partnered to provide an ATM deposit solution for community banks, which will allow image-enabled ATMs to use Infonox's Active Payment Platform with WFS' Optima3 Image platform to create an end-to-end deposit automation solution.
According to a news release, the solution will allow customers to make deposits without envelopes and verify deposit of checks and currency visually on the display screen with check images and currency summary totals.
It be demonstrated at BAI's Retail Delivery Show in Atlanta Nov. 5-7 at both WFS' booth #1501 and Infonox's booth #2220.
By implementing this solution, according to the release, banks can reduce fraud, minimize check-handling expenses, accelerate the collection of funds and prepare for the Check Clearing for the 21st Century Act. Bringing these transactions to the ATM also reduces teller line workload and offers processing cost savings.
"The integration of ATM deposit automation into WFS' Optima3 image platform adds transaction capabilities that are ideal for community financial institutions," said Dave LeBeau, vice president of marketing at WFS. "This relationship further endorses WFS' vision to deliver truly comprehensive information capture solutions covering all aspects of financial processing."
According to the release, Infonox's Active Payment Platform will also allow WFS' customers to offer additional advanced ATM functionality such as such as check cashing, money orders and wire transfers, as well as support technologies and services such as in-depth network monitoring.
