Fifth Third Bank, Cincinnati, and New York-based Viewpointe, a leading provider of check image exchange and archive services, announced today that Fifth Third Bank will begin using Viewpointe's Pointe2Pointe solution for check image exchange.
"Becoming part of the Viewpointe family will provide access to a number of endpoints we could not have reached through other channels," said David Gottmann, Check Services Director of Fifth Third Bank. "We have been very aggressive in terms of image processing and presentment, and look forward to continuing to be a leader in that area. After a careful analysis, we determined that signing on with Viewpointe at this time will help us increase our penetration in image exchange and further improve efficiencies."
Diane Scott, Viewpointe Chief Sales, Marketing and Product Officer, stated, "Fifth Third Bank, a demonstrated leader in image exchange, joins the many other forward-thinking financial institutions that are using Viewpointe services to connect with the nation's endpoints and help support the industry's march toward full check electronification. We're delighted to welcome this progressive company to the Viewpointe family."
Through Pointe2Pointe, Fifth Third Bank will be able to quickly and easily engage in electronic image exchange, clearing and presentment with Viewpointe's customers, which include some of the nation's largest check processors, and reach all of the nation's endpoints. The synergy and volume concentration featured in Viewpointe's Pointe2Pointe(tm) solution eliminates the need for paper check exchange, clearing and processing in favor of more efficient electronic methods.
Pointe2Pointe enables financial institutions to safely send and receive electronic check images, rather than paper, to Viewpointe's national archive customers and other Pointe2Pointe customers. Through Viewpointe, financial institutions can connect with other banks in just 30 to 60 days following telecommunications installation. With one of the fastest implementation processes in the industry, Point2Pointe requires simple testing to ensure a consistent transmission of images. Once testing is complete, organizations can connect and exchange with additional financial institutions in as little as 14 days.
As a result of joining Viewpointe, Fifth Third Bank will immediately become a member of the Viewpointe Users Group (VPUG), an organization of Viewpointe customers that meets to share best practices and lead the industry in image processing improvements.