Fidelity National Financial releases cheque image exchange platform

Source: Fidelity National Financial

Fidelity National Financial, Inc. (NYSE:FNF), a Fortune 500 provider of products and outsourced services and solutions to financial institutions and the real estate industry, and its Fidelity Information Services division announce the release of ImageCentre Voyager, an advanced platform for check image exchange.

ImageCentre Voyager was developed by BankWare, a provider of check imaging solutions, which was acquired by Fidelity Information Services in April, 2004. The ImageCentre suite provides financial institutions with a complete browser-based payment processing and document management solution. The new Voyager module enables client financial institutions to exchange check images with image exchange networks, correspondent banks and other financial institutions.

The product was successfully implemented as a pilot at three unique multi-billion dollar financial institutions: Harleysville National Corporation in Harleysville, PA; Univest Corporation in Souderton, PA; and The Banc Corporation in Birmingham, AL. These implementations have facilitated the daily exchange of images with various third parties, including the Federal Reserve Bank.

"ImageCentre Voyager is a key component of our overall image exchange strategy," says Linda Lockhart, senior vice president of $2.8 billion Harleysville National Bank and Trust Company, the largest subsidiary of Harleysville National Corporation. "We installed Voyager for image exchange in May of this year and have been impressed with the performance, ease of use and capabilities of the software."

"Exchanging check images electronically is a revolutionary shift in payment and item processing," says Bob Darty, group executive for the BankWare division. "As the image exchange industry evolves, Voyager will enable our clients to take a leading role and improve profitability by reducing courier costs and non-interest expenses, and shortening the collection cycle."

Unique features of ImageCentre include the system's completely browser-based architecture, single-menu interface and integrated product suite. ImageCentre Voyager adds the ability to import and virtually process check images, export check images, print image replacement documents and generate return files.

"Implementation of ImageCentre Voyager in conjunction with Check 21 enables Univest to achieve extensive operating efficiencies," said Richard R. Swartley, executive vice president of Univest Corporation. "The innovative software allows for a smooth transition to full check image exchange, and will be an integral part of our Check 21 strategy."

As a single source image solution, ImageCentre also provides a myriad of integrated fraud detection solutions. Complementary ImageCentre modules include Account Guard, Automated Signature Verification, and Check Kiting. With image exchange and the subsequent reduction in check clearing times, ImageCentre assists financial institutions in their efforts to improve fraud protection by detecting suspicious activity earlier in the payment process.

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