Remittance Solution is image-based and built on .NET.February 8, 2008 -
Using check image capture and exchange technology to eliminate several manual steps, Remit.NET remittance and lockbox processing system provides straightforward workflow for remittance processing. Scalable nature and level of customization allow lockbox operations to provide range of services to customers. Along with intelligent balancing, available features include payment allocation, integrated image quality asurance, as well as CAR-LAR, bar code, and OCR recognition.
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Original Press release
Summit Financial Solutions
3324 Emerald Lane
Jefferson City, MO, 65109
USA
Remit.NET Brings Next-Generation Technology to Remittance Processing
JEFFERSON CITY, Mo., Feb. 4 -- Summit Financial Solutions, a wholly owned subsidiary of Computer Services, Inc. (CSI) (Pink Sheets: CSVI), today announced the release of its Remit.NET image based remittance and lockbox processing system. Summit, the company that developed the banking industry's first .NET-based Proof of Deposit/Image Exchange solution, will unveil Remit.NET at the BAI TransPay conference in Grapevine, Texas, on February 5-7.
Remit.NET is a .NET-based, cost effective and easily deployable remittance solution that brings a fresh design and straightforward workflow to the remittance processing marketplace. Remit.NET is scalable, which allows it to be deployed in large centralized or distributed capture lockbox operations. The system can also be deployed in small remittance and merchant capture environments. Remit.NET draws on the powerful Summit.NET image capture and remote deposit platforms as the foundation for this "Next Generation" remittance and lockbox solution.
Using Summit's check image capture and exchange technology, Remit.NET eliminates many of the manual steps previous generation solutions required. It also provides a new level of flexibility and customization that allows lockbox operations to provide a greater range of services to customers. Enhanced features include intelligent balancing; payment allocation; integrated Image Quality Assurance (IQA); advanced CAR-LAR, Bar Code, and OCR recognition; and automatic conversion of forward presentment items to ACH (Back Office Conversion) or X9.37 items according to "rules" established for each account.
According to Ron Thill, President of Summit, "Remit.NET builds on the Summit.NET architecture to provide a robust platform that replaces previous generation remittance solutions and offers first-time remittance users a premier solution. The addition of Remit.NET to a product line that already includes OpenCapture.NET and OpenExchange.NET secures Summit's status as the company offering the industry's most extensive product line of 100 percent .NET-based "open" image payment processing solutions."
About Summit Financial Solutions, Inc.
Summit Financial Solutions, Inc. is a developer and provider of payment processing software and services. Summit introduced the financial industry's first integrated check imaging solution based entirely on Microsoft's .NET platform. Summit.NET was the first system specifically built to handle the electronic image exchange requirements of Check 21. The Company's open data and image capture, exchange, remittance and lockbox solutions are in service at over 600 banks. Summit, a wholly owned subsidiary of Computer Services, Inc., is based in Jefferson City, Missouri. For more information about Summit, visit www.summitfs.net .
About Computer Services, Inc.
Computer Services, Inc. (CSI) delivers core banking, payments processing, Internet, card services, risk assessment, fraud prevention, network management, and regulatory compliance solutions to over 3,500 financial institutions. Innovative products and services, technology planning and a commitment to customer service explain why CSI has been known as the nation's premier provider of banking solutions for over 40 years. CSI's stock is traded on the OTCQX under the symbol CSVI. For more information about CSI, visit www.csiweb.com .
CONTACT: Craig Witbart, Executive Vice President of Computer Services, Inc., +1-314-576-0484, cwitbart@summitfs.net
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