MILWAUKEE, Sept. 16, 2005 â Metavante Corporation, the financial technology
subsidiary of Marshall & Ilsley Corporation (NYSE:MI), today announced that
its has teamed with ARGO Data Resource Corporation (ARGO), a leading
provider of branch automation software, to deliver an integrated,
end-to-end teller and branch image-capture solution for financial
The partnership positions Metavante subsidiaries, Advanced Financial
Solutions (AFS) and VECTORsgi, to seamlessly integrate their branch capture
solutions with ARGOâs BANKPRO Teller solution combining traditional online
teller transaction processing with check image capture and transaction
balancing at the point of presentment. This solution goes beyond typical
partnerships between payment processors and branch teller software
providers. Instead of merely embedding a separate item capture screen into
a non-image based transaction flow, this solution is more tightly
integrated with the traditional teller workflow, bringing full
functionality to the retail branch.
The AFS/VECTORsgi â ARGO BANKPRO Teller Distributed Image Capture solution
provides retail branches with several new key features and functionality,
including data perfection, declared value processing, image enhanced remote
supervisor override and electronic journal, independent off-line
processing, a split of on-us and transit items, and a consolidated check
image repository, regardless of the physical check capture location.
The solution can be implemented with minimal impact to branch operations
and will require minimal training. Additional benefits of the integrated
solution include enhanced fraud detection, and improved float management
and funds availability.
"To remain competitive in the post Check 21 image-based processing
environment, it is important for financial institutions to capture and
truncate check transactions as early in the clearing process as possible,"
said Paul Danola, president and chief operating officer, Metavante
Financial Solutions Group. "The AFS/VECTORsgi â ARGO BANKPRO Teller
Distributed Image Capture solution will streamline the workflow for check
image capture, transaction balancing, and clearing. This solution will
facilitate the electronic presentment of transit items, increase
productivity, optimize accuracy, lower operating costs, and open up
opportunities for new value-added services."
"This partnership will benefit almost 90 percent of the top U.S. banks that
already rely on one or more of our solutions. The benefits to our combined
customer base include faster deployment, lower risk, increased
functionality, as well as minimized training impact for end-users," said
Max Martin, chief executive officer of ARGO Data Resource Corporation.