[November 08, 2004] VECTORsgi Offers Check Imaging System to Target Corporate Customers; Solution Enables Banks to Enhance Corporate Offerings, Streamline Processes and Remove Geographic Boundaries ADDISON, Texas --(Business Wire)-- Nov. 8, 2004 -- VECTORsgi, a leading provider of financial transaction applications, announced the expansion of the VECTOR Capture Anywhere Solution to include VECTOR:Corporate Image Deposit, a product that enables banks to enhance offerings for corporate customers. Using this solution, businesses can consolidate their deposits to a single financial institution, increasing revenues for the bank, and offering savings to the businesses. "Forward-looking financial institutions know the efficiencies that can be gained from image exchange, and that image deposits will be a competitive lure for corporate customers," said Sydney Smith Hicks, president and CEO of VECTORsgi. "The VECTOR Capture Anywhere Solution enables banks to increase services to corporates, increase customer loyalty, and move aggressively into new markets." The solution collects and balances all of a business' image deposits electronically, streamlining item processing, and reducing deposit fees for corporate customers. With image deposits and image exchange for corporations, the electronic clearing of these items by the bank is streamlined. The deposit "window" can therefore be widened to include checks accepted after normal banking hours thus enabling banks to offer customers increased funds availability and reduced float, regardless of their time zone or location. Many retailers operate hundreds of stores across the nation. Consolidating all of their check images to a single financial institution significantly enhances that bank's revenue while offering cross-selling opportunities and increasing customer loyalty. The VECTOR Capture Anywhere Solution offers a low-risk opportunity for banks to protect and retain corporate customers. "VECTORsgi's capacity for consistent high image quality is key for receiving images from businesses," Hicks said. "Our experts predict that the VECTOR Capture Anywhere Solution is so dependable that only about one in 50,000,000 images will be missing or unreadable. The system is equally stringent in dealing with images received from outside sources; it analyzes the quality of every file received, and only accepts images of high-quality. This reliable electronic truncation enables financial institutions to expand their geographic market share without expanding traditional brick and mortar branches." About VECTORsgi VECTORsgi is a leading provider of innovative financial transaction processing including image processing and exchange, item processing, dispute resolution and e-commerce solutions for financial institutions and corporations. Its products have been licensed more than 2,300 times by corporations and financial institutions ranging in size from community banks to top ten financial institutions to international banking organizations. VECTORsgi is recognized by the American Banker and the research firm Financial Insights in the FinTech 100, an international annual listing of the top technology providers for financial institutions. The Addison, Texas-based company, founded in 1976, provides innovative solutions not only to help financial institutions and corporations streamline their payment systems and operations, but also to leverage their image processing investment and maximize the benefits of check truncation. VECTORsgi also assists its clients to become more profitable by offering consulting services that provide management consulting and business practice improvement. For more information about the company, visit www.VECTORsgi.com. Editor's note: The correct usage of the VECTORsgi name is "VECTOR" in capitals with "sgi" in lower case. [ Back To TMCnet.com's Homepage ]