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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.