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November 26, 2008

Open Solutions Whips-up Panini Deal

By David Sims, TMCnet Contributing Editor

Open Solutions, a vendor of technologies for financial services providers, has announced a reseller agreement with Panini, a distributed capture technology provider.



 
Open Solutions will use Panini’s Vision X check scanner to offer a product for remote deposit and branch image capture to its bank and credit union clients.
 
Tim Clewley, senior vice president and general manager, Open Solutions Imaged Payment Technologies Group, says the vendor’s clients “have embraced distributed capture technology and our products, combined with Panini’s, help position them more competitively in their respective markets.”
 
Open Solutions’ IseDeposit and ISBranch products, along with the Panini Vision X, allow financial institutions and corporations to electronically process and deposit checks.
 
According to Ron Young, Open Solutions’ VP, product strategy and management, “our clients have invested in our remote deposit and branch capture products,” and with Panini’s check scanners they can use Check 21.
 
Founded in Turin, Italy, Panini has been in business for more than sixty years. Panini North America, a wholly owned subsidiary, sells check capture products.
 
Earlier this month Hogan Financial Systems, a vendor of item processing disaster recovery products to financial institutions, and Open Solutions announced a referral partnership agreement under which Open Solutions’ in-house item processing clients will have direct access to Hogan’s disaster recovery services.

Under the terms of the agreement Hogan Financial will provide complete support to Open Solutions’ in-house item processing clients in the event of a disaster declaration.
 
Open Solutions’ clients “will have the ability to continue check processing and enable their customers or members to have continued access to funds,” Hogan officials say. Hogan’s services include redeployment of the client’s check processing systems, as well as driving branch capture operations and electronic exchange.

Hogan Financial and Open Solutions have worked together as business partners for eight years.

David Sims is a contributing editor for TMCnet. To read more of David's articles, please visit his columnist page. He also blogs for TMCnet here.

Edited by Jessica Kostek







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