Viewpointe Doubles Image Based CD ROM Production
VIEWPOINTE DOUBLES IMAGE BASED CD ROM PRODUCTION FOR TREASURY MANAGEMENT CUSTOMERS
For Immediate Release - September 23, 2002 – In its continuous pursuit to extend the value of the largest shared national archive, Viewpointe Archive Services, the leading provider of check image services, announced that it has doubled its monthly image based CD ROM production to over 12,000 CDs. Leading financial institutions will now be able to quickly introduce image based CD ROMS to their treasury management customers in a cost and operationally efficient manner.
Image based CD ROMS enable financial organizations to expand treasury management product lines that improve access to their commercial banking customers’ transactional activity in a convenient, secure, and comprehensive way.
By capturing a check image once and loading to Viewpointe’s shared national archive, financial institutions eliminate costs associated with in-house CD ROM production and only pay for the CDs needed. Costs required with in-house CD ROM production such as paper re-pass, duplicate storage, software, infrastructure, capital, and extensive overhead are eliminated – making the product offering considerably more cost-effective, profitable and compelling to banks’ treasury management product managers.
Each month on behalf of its bank customers, Viewpointe retrieves over 30 million check and document images from its national archive, burns the images onto over 12,000 CDs, labels, packages and ships them directly to bank customers all within a 72 hour service level. Because Viewpointe manages the largest shared national archive with over 17 billion images stored, the CD ROM production system was designed for speed, scalability, flexibility and continual growth.
“CDs are integral to the deposit relationship with many of our banks’ best commercial customers. To deliver the quality and service levels they demand, we had to build a very robust, efficient, expandable platform,” noted John Lettko, Chairman and CEO of Viewpointe. “Building such a high capacity platform that supports production from a prime-pass image capture environment instead of through multiple re-passes had never been done. We were able to accomplish this and now the advantages flow right to the bottom line of our customers.”
About Image based CD ROMS
Imaged based CD ROMS provide commercial banking customers access to thousands of transactions, including checks, statements, documents, and reports all in one convenient, easy-to-use disc. The convenient access not only assists commercial customers with accounting research issues, it also provides a cost-effective business continuity planning solution to satisfy commercial disaster recovery requirements. For banks, CDs not only enhance their relationship with their commercial customers, but they also provide significant streams of revenue.
About Viewpointe
Viewpointe Archive Services, LLC is the leading provider of check and document image archiving and retrieval services and has built the largest shared national archive for leading financial institutions. Viewpointe’s customer list includes First Tennessee National Bank, HSBC Bank USA, Bank of America, J.P. Morgan Chase & Company, SunTrust Bank, Zions Bank and U.S. Bancorp. The company has offices in Charlotte, Houston, Boulder, New York, Atlanta and San Francisco. Viewpointe archives and provides access to over 1 billion new check images each month. More information about Viewpointe is available at www.viewpointe.com."