With assets exceeding $21 billion, Astoria Federal is a subsidiary of Astoria Financial Corporation and has been a Metavante client since 1993.

Astoria Federal has begun implementation of Metavante's branch image capture solution, SendPoint Branch, at its 85 branch locations throughout N.Y., allowing the bank to image capture, truncate and balance checks at each branch. Streamlining the bank's check processing operations, the Metavante solution supports extended cut-off times, reduced transportation costs and greater availability of funds due to an expedited check clearing process.

"The adoption of branch image capture technology offers us operational efficiencies, and also allows us to better service our customers," said Monte N. Redman, president and chief operating officer, Astoria Federal Savings. "Metavante has proven itself as a technology provider, and its SendPoint Branch solution enables us to meet the image-based requirements of the Check 21 Act."

"Metavante brings more than 40 years of experience in designing, developing and implementing check processing and imaging solutions, and continues to be an industry leader in transitioning financial institutions to new electronic check processing solutions," said Frank D'Angelo, president, Metavante Payment Solutions Group. "Bridging the gap between new payments technology and manageable costs, SendPoint Branch allows Astoria Federal Savings to offer its customers innovative check imaging services, while outsourcing the complexity of managing operations to a trusted technology services provider."

This most recent contract with Astoria Federal Savings marks an expansion of the bank's extensive relationship with Metavante, which includes the following banking and payments products and services: core processing, electronic banking, image, customer relationship management, card processing, ATM driving, card personalization, risk management and compliance, electronic payments and participation in the NYCE Network.