US-based GE Card Services has selected Computer Sciences Corporation's (CSC) RPS-NT image-based remittance processing system in a deal worth $27 million if all options are exercised over a five-year period.
Under the agreement, CSC will implement the RPS-NT system at all three GE Card Services payment processing operations centres and provide hardware and software maintenance.
RPS-NT includes a centrally-located, image archive with access to transaction data which stores images from all GE Card Services operations. The system incorporates CSC's Image Character Recognition (ICR) technology for automatically reading handwritten data on cheques and amount paid fields on payment coupons.
Elmer Lentz, director of integration and technology for GE Card Services, says: "When RPS-NT is implemented at all our operations centres, we will use it to process nearly 30 million payments each month. CSC will enable us to reduce our costs, improve operator productivity and increase processing speed."
This month, Card Services completed final acceptance of the first installation at its operations centre in Orlando, following two months of assessment in a production environment. Installations at the other two operations centres are scheduled for later this year.