Commerce Bank Adds Viewpointe Pointe2Pointe with Internet Connectivity
COMMERCE BANK ADDS VIEWPOINTE POINTE2POINTE WITH INTERNET CONNECTIVITY
New York, New York — July 19, 2010 — Viewpointe®, a leading provider of check image exchange and archive services, today announced that Commerce Bank has become a Pointe2Pointe® with Internet connectivity customer. Commerce Bank, N.A., headquartered in Missouri with branches in five states in the Central United States, joins the Viewpointe exchange for check image exchange transfers. Commerce Bank is the latest institution to join Viewpointe’s growing Pointe2Pointe network since its launch two years ago.
Implementing Pointe2Pointe with Internet connectivity allows Commerce Bank to conduct check image exchange more efficiently and cost effectively. The service provides a safe, simple and secure platform to connect with other exchange partners by leveraging commonly used file transfer software. Designed as a solution for financial institutions with midsize exchange activity, the offering helps institutions meet their business goals of expanded services to customers.
Mike Spafford, senior vice president Commerce Bank, said: “We are always looking for the best technology offerings to help us improve our processes and better serve our customers. Viewpointe’s Pointe2Pointe with Internet connectivity is a very good fit for us in terms of scale and level of service for our business and we believe that Viewpointe will help us meet our customers’ needs.”
Pointe2Pointe enables financial institutions to safely send and receive electronic check images between Viewpointe customers, eliminating the time and expense associated with paper transfers.
“Through Viewpointe’s Pointe2Pointe with Internet connectivity, Commerce Bank can streamline existing check processing procedures and reach a significant percentage of the banks with which it exchanges digital checks,” said Glenn Wheeler, President, Viewpointe Clearing, Settlement & Association Services. “We are very pleased that this respected institution has selected Viewpointe for this essential activity.”
ABOUT VIEWPOINTE
Viewpointe® is a leading provider of multibank infrastructure solutions for customers ranging from credit unions to Fortune 100 financial institutions. With one of the largest national archives of check images and information, Viewpointe offers archive capabilities, end-to-end check image exchange clearing and settlement and Automated Clearing House association services. Bank Technology News named Viewpointe one of the top innovators of 2008, an annual ranking of the 25 most advanced people, companies and technologies in financial services. Since 2006, Viewpointe has been named to the prestigious FinTech 100, representing the best of the best in financial technology and service providers. For more information, please visit http://viewpointe.com/.
ABOUT COMMERCE BANK
Commerce Bank, N.A. is a subsidiary of Commerce Bancshares, Inc. (NASDAQ: CBSH), an $18 billion regional bank holding company. For more than 140 years, Commerce Bank has been meeting the financial services needs of individuals and businesses throughout the Midwest region. Commerce Bank provides a diversified line of financial services, including business and personal banking, wealth management, financial planning, and investments through its affiliated companies. Commerce Bank operates in 370 locations in the Central United States. Commerce Bancshares also has operating subsidiaries involved in mortgage banking, leasing, credit-related insurance, venture capital and real estate activities.
For additional information, please visit http://www.commercebank.com/.
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Media Contacts: Loretta Mock/Paul Damon viewpointe@cognitomedia.com
646-395-6300