An outsourced core processing client since 1984, Park Bank will continue to deploy Metavanteâs Integrated Banking Services (IBS) platform. The bank is using a full suite of Metavante banking and payments solutions, including: electronic banking, customer relationship management, imaging services, card processing, risk and compliance, card personalization, electronic payments, telephone banking, merchant processing, commercial treasury and participation in the NYCE Network.
As part of the agreement, the bank is also implementing Metavanteâs SendPoint Branch solution to execute its Check 21 imaging strategy and streamline workflow for check image capture, transaction balancing and clearing at each Park Bank location. By image-capturing check transactions at the point of presentment and outsourcing the daily management of branch item capture operations to Metavanteâs secure data centers, SendPoint Branch enables Park Bank to eliminate the costly and labor-intensive in-house handling of branch items.
âOur recent deployment of Metavanteâs branch capture technology automates our item-processing functions to increase productivity and lower operating costs while further enabling us to maintain our strong focus on personalized, relationship-banking,â said Robert Makowski, senior vice president and chief financial officer, Park Bank. âPark Bankâs success over the past 90 years is a result of building lasting partnerships. Throughout our long-standing relationship, Metavante has consistently provided us with integrated solutions that enable us to best serve the needs and meet the goals of our customers.â
Park Bank is also deploying Metavante's RemitPoint solution, allowing the bank to rapidly offer a robust remittance processing service that efficiently processes both wholesale and retail lockbox transactions for its customers. A hosted service for image-based remittance processing, the RemitPoint solution enables the bank to outsource its daily operations, while still controlling the strategic direction of its account receivable and image lockbox offerings.
âOur combination of integrated banking and payments technology, processes and people help sustain Park Bank as they continue to grow, improve their efficiency and increase their profitability,â said Jamie Geschke, president, Metavante Banking Solutions. âMuch more than a vendor, Metavante is a strategic provider that works closely with our valued clients to ensure our technology is properly tailored to fit each financial institutionâs unique requirements.â