Archive News Story
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Data Capture Service securely processes applications.
May 26, 2005 - Accessible from mobile devices such as PDAs, Smartphones, and tablet PCs, eFIRST™ Mobile delivers customized solution for secure and remote capture, processing, and approval of consumer applications. Service utilizes template to record applicant details, with option for photographs and signatures. Each application is processed in real-time using multiple data checks, including address, bank account validation, and credit scoring.
Archive Press Release
(Products mentioned in this Archive Press Release may or may not be available from the manufacturer.)
Release date: May 12, 2005
BancTec Unveils Wireless Remote Capture Service at AIIM On Demand 2005
eFIRST™ Mobile Delivers Customized Solution for Securely Processing and Approving Consumer Applications
Dallas – May 12, 2005 - BancTec, a global provider of enterprise content management solutions, today unveiled eFIRST Mobile, a new mobile solution to revolutionize the way consumer applications are processed in the field. eFIRST Mobile offers a robust, efficient and secure method to capture, process and approve consumer applications remotely. Credit and consumer goods providers can now increase the volume of applications processed, cut application rejection rates in half and decrease processing costs more than 25 percent.
Using mobile devices, such as PDAs, Smartphones and tablet PCs, sales representatives electronically capture consumer goods and credit applications in busy airport terminals, shopping centers and on trade show floors. The eFIRST Mobile service utilizes a template to record all applicant details (optionally including photographs and signatures), which are fully encrypted and securely transmitted wirelessly to the BancTec Managed Services operation. Each application is processed in real-time using multiple data checks, including address, bank account validation and credit scoring. The system can tailor the product offering based on the client’s credit score or notify the sales representative of any issues relating to the client's application while the applicant is still present.
“Applying mobile technology to the financial services industry is another first for BancTec,” said Mark Fairchild, Senior Vice President, BancTec Global Products and Operations. “We have complimented our document processing solutions with a comprehensive wireless system that replaces paper forms and reduces the cost and time it takes to process and approve consumer applications. With eFIRST Mobile, BancTec continues to deliver cutting-edge solutions that the industry demands. This is the first major component of what we anticipate to be a long line of new and innovative managed service solutions available in the U.S. and Europe.”
eFIRST Mobile increases customer intimacy by giving applicants immediate response coupled with personal service. With this revolutionary one-step process, eFIRST Mobile requires only minutes for application approval compared to the multi-step paper application process that has traditionally taken weeks to complete.
“The time spent processing paper forms and correcting erroneous personal data on applications cost providers real money in lost revenues,” said Fairchild. “The eFIRST Mobile service allows BancTec to support complex financial applications in the field and administer the application process significantly faster. Providers gain intimacy with clients where they are most likely to make an immediate purchase decision.”
BancTec is offering eFIRST Mobile as part of a complete managed service, requiring no capital outlay by the client. BancTec supplies the mobile devices, airtime package, processing and support, as well as an integrated mobile printer to provide a hard copy for the customer to sign, if required. Centralized control of eFIRST Mobile offers a complete management dashboard, including security and asset management, productivity reporting and real-time tracking of field sales representatives.
AIIM On Demand 2005 attendees are invited to see demonstrations of the eFIRST Mobile solution in BancTec’s booth (No.1024).
About BancTec
Founded in 1972, BancTec is the most recognized name worldwide in transaction processing. BancTec has deployed transaction solutions in over 50 countries, counts among its customers some of the most prominent companies in the world, and is honored to be a member of the TAWPI Hall of Fame. BancTec's product suite combines unique flexibility, scalability, and connectivity to provide unprecedented levels of automation in the capture, processing, and distribution of electronic and paper documents and transactions. BancTec complements its product suite with a line of proven hardware solutions, and dependable service and support. To learn how BancTec can help your organization reduce IT costs, increase productivity, and improve quality, visit our corporate Web site at www.banctec.com or call 1-800-BANCTEC.Company Information: Name: Banctec, Inc. Address: 4435 Spring Valley Rd. City: Dallas State: TX ZIP: 75244 Country: USA Phone: 800-527-5918 FAX: 972-450-7867
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