ADDISON, Texas, April 21, 2005 â VECTORsgi, a Metavante company and a leading provider of financial transaction applications, announced the VECTOR Capture Anywhere Solution has been enhanced to now include image capture at the teller line, the back counter, ATMs, corporate offices and correspondent banks. Capturing images at the earliest point of presentment enables banks to accelerate the benefits of check imaging by removing geographic boundaries -- an advantage made possible by Check 21 legislation.
The VECTOR Capture Anywhere Solution collects and balances image deposits electronically, streamlining item processing and extending deposit windows. This allows banks to offer increased funds availability and reduced float, regardless of time zone or location.
Being able to have a remote capture option at bank branches, ATMs, corporations and correspondent banks can dramatically reduce transportation costs and eliminate the chance of backlog due to weather-related circumstances or unforeseen events. Consolidating all of a corporationâs check images to a single financial institution significantly enhances that bank's revenue while providing cross-selling opportunities and increasing customer loyalty. The VECTOR Capture Anywhere Solution presents a low-risk opportunity for banks to aggressively pursue a broader geographic footprint without the expense of additional branches.
VECTORsgi has the distinction of being the only company that has verified low missing imaging solution rates â as low as one missing image out of 135 million transactions. Experts at VECTORsgi anticipate similar performance with the expanded VECTOR Capture Anywhere Solution. The system is equally rigorous in dealing with images received from outside sources; it analyzes the quality of every file received and only accepts images that pass stringent usability and high quality tests.
"The VECTOR Capture Anywhere Solution positions banks to offer competitive customer service combined with trusted quality assurance," said Sydney Smith Hicks, Ph.D., president of VECTORsgi. "Our technology enables our clients to stay ahead of the check-imaging curve. Over the last year, 50 percent of the large banks that have made an image exchange decision have chosen VECTORsgi. The VECTOR Capture Anywhere Solution gives our current and new clients an opportunity to further complement their image exchange capabilities and expand their competitive position in the imaging marketplace."
VECTORsgi will host an industry briefing Tuesday, May 3 from 8:30 a.m. until 11:00 a.m. at the Rosen Centre Hotel in Orlando, Fla. Steve Ledford, president of Global Concepts will deliver a speech titled "Trends toward Distributed Capture & the Impact on Traditional Capture Methods". "Global Concepts is a leading payment systems consulting firm and we are very pleased to have them lead off our distributed capture briefing," Dr. Hicks stated. Rian Maloney, vice president of emerging image solutions for VECTORsgi will detail the expansion of the VECTOR Capture Anywhere Solution including both the new distributed capture technology and the companyâs new VECTOR Payment Information & Control System.