OKLAHOMA CITY, Feb. 8, 2006 - Endpoint Exchange LLC, a Metavante company, today announced that Wausau Financial Systems (WFS), a leading provider of distributed point-of-presentment payment and remittance processing solutions to financial services firms and businesses worldwide, has joined the Endpoint Exchange Network as an Image Exchange Distributor and Solution Developer.
WFS can now offer check image exchange through the Endpoint Exchange Network to its large national base of Optima3(R) payment processing customers. WFS' Optima3(R) provides a comprehensive suite of financial transaction processing solutions that include image capture, archive and performance modules.
The Endpoint Exchange Network has become a leading electronic check image exchange provider for the financial services industry, processing for more than 4,000 U.S. financial institutions. The Endpoint Exchange Network uses open architecture with industry standard files and a published application program interface (API) to facilitate a broad membership. WFS' customers will be able to take full advantage of all the functionality of the Endpoint Exchange Network, including forward presentment, incoming and outgoing returns, incoming and outgoing adjustments and automated image quality assurance on every exchanged image.
"The Endpoint Exchange Network comprises a diverse group of the country's leading financial institutions, check imaging software developers and image-item processing outsourcers," said Nancy Langer, president, Payment Solutions for Wausau Financial Systems. "This relationship will put Wausau Financial Systems and our clients at the forefront of national check image exchange. We look forward to a tremendous relationship with Endpoint Exchange and the addition of this product to our portfolio."
"Wausau Financial Systems services more than 5,000 customers around the world and enjoys a long history in the marketplace," said Jeff Vetterick, general manager of Endpoint Exchange LLC. "WFS and Endpoint Exchange will provide financial institutions with a complementary solution and business strategy that takes maximum advantage of the country's move toward truncation and check image exchange."