Brink's U.S. Signs with Metavante to Offer Banks and Corporate Customers a Growing Range of Remote Check Image Capture Services
May 17 2007 - 7:00AM
Business Wire
Brink�s U.S., a division of Brink�s Incorporated, a global leader
in providing secure logistics solutions, and Metavante Corporation,
the technology subsidiary of Marshall & Ilsley Corporation
(NYSE:MI), announce the launch of Metavante�s Sendpoint distributed
image capture service to Brinks� cash vaults across the country.
Metavante�s Sendpoint service provides for the remote image capture
and image exchange of deposits and payments received from Brink's
Vaults, accelerating deposit capture from receipt through posting
and presentment. Brink�s manages a large national network of more
than 100 cash vaults around the country. Combining cash processing
and logistics, Web-based information tools and secure armored
transportation, Brink�s allows financial institutions to compete in
new markets without expanding their branch network. In conjunction
with Metavante Image Solutions, Brink's now offers a suite of vault
image solutions, enabling check image capture and electronic
presentment throughout its nationwide network. Brink�s customers
can take advantage of a complete, end-to-end image-enabled payment
processing solution designed to help them expand geographic reach,
lower costs and reduce risk. �Brink�s and Metavante Sendpoint are
redefining traditional cash vault services by offering financial
institutions and retailers an efficient and cost effective
electronic check solution. Together, we are integrating with
financial institution back-office systems to provide check images
and customer posting information,� said Fred Purches, senior vice
president, strategic solutions and product management, Brink�s U.S.
�Establishing a long-term strategic alliance with an industry
expert like Metavante is not only exciting, but beneficial to our
customers. We can now give customers a full range of deposit and
payment management solutions, eliminating costly logistics,
improving availability of funds and creating new efficiencies in
the supply chain.� �The integration of Metavante�s Sendpoint check
image capture technology with Brink�s vault operations is a
excellent example of how the payments industry can push capture out
to a distributed environment,� said Brian Hurdis, president,
Metavante Image Solutions. �Brink�s is offering an innovative
solution that provides a competitive advantage for banks, and
high-volume merchants and corporate accounts.� Metavante Image
Solutions provides comprehensive solutions that help banks and
businesses transition from paper to electronic payments and image
processing. Solutions that can be delivered in-house or outsourced
include distributed capture, check and remittance processing, fraud
detection, and document and report management. Metavante Image
Solutions customers encompass banks and corporations of all sizes
worldwide from de novo banks to the largest financial institutions
and corporations. How It Works In the constantly changing secure
logistics industry, Brink�s has continually led the way by creating
innovative services and solutions. Now, with Metavante�s Sendpoint
distributed image capture applications, financial institutions can
receive a secure, locally centralized proof of balance.
Specifically, the cash-in tickets and paper checks are truncated as
they are image captured. Then, check deposits are balanced,
adjusted and forwarded to the Metavante Sendpoint service, where
the check images are formatted as custom X9.37 files for posting or
bank-to-bank image exchange. This scalable, full-service solution
improves commercial customer float, provides real-time web access
to information and nearly eliminates the need for costly
transportation and processing of physical checks, which allows
Brink�s to timely process deposits virtually anywhere in the
country. Currently, this innovative solution is in production for
two of the nation�s top five financial institutions and will be
introduced to other business partners throughout the course of this
year. About Brink�s, Incorporated Brink�s Incorporated is a global
provider of secure logistics solutions including the world-class
transportation, currency and coin processing, ATM services,
document destruction and advanced technology solutions such as the
Brink�s CompuSafe Service and Brink�s iCash System that deliver
critical business intelligence, improved productivity and enhanced
security. Brink�s U.S., a division of Brink�s Incorporated operates
the nation�s most extensive network of secure transportation
services with more than 2,300 armored vehicles in 250 branches. For
more information visit the Brink�s Web site at www.brinksinc.com or
call toll-free (800) BRINKS � 5. About Metavante Metavante
Corporation delivers banking and payments technologies to over
8,600 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, and business transformation services.
Headquartered in Milwaukee, Metavante (www.metavante.com) is wholly
owned by Marshall & Ilsley Corporation (NYSE: MI). On April 3,
2007, Marshall & Ilsley Corporation announced its plans to
split Metavante Corporation and Marshall & Ilsley Corporation
into independent publicly traded companies. Metavante is a
registered trademark and Sendpoint is a trademark of Metavante
Corporation.
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