Panini unveils cheque imaging initiative for credit unions

Source: Panini

This week, at the Credit Union National Association (CUNA) Governmental Affairs Conference (GAC) in Washington D.C., Panini, the market leader in distributed check capture, will launch a Check 21 initiative designed specifically for credit unions.

The initiative, made possible by Panini's recent selection as the exclusive check scanner alliance provider of CUNA Strategic Services (CSS), is comprised of special promotions throughout 2010, joint marketing programs, a strategic channel program, special resources for credit unions and Panini's world-leading check capture solutions.

Panini's distinction as the exclusive check scanner alliance provider of CUNA Strategic Services (CSS), the subsidiary organization of CUNA, the leading trade association supporting the nation's 8,000+ credit unions, allows credit unions to adopt a Check 21 solution unique to their check capture needs and requirements. "Credit unions count on CSS to select the best providers in the industry to meet their needs," says Doug Roberts, President, Panini North America. "We understand the significance of this agreement and are committed to helping credit unions provide more value to their members with a world-class Check 21 solution for branch and remote capture opportunities."

Special promotions throughout the year will be a significant element of Panini's new Check 21 initiative for credit unions, beginning with the launch of "B4G1" at the GAC Conference this week. B4G1 provides credit unions with a free check scanner for every four purchased scanners. This promotion is designed to increase the ROI for credit unions implementing teller capture (process of truncating check deposits at each branch teller line) and remote deposit capture, or RDC (process of enabling credit union customers to scan and transmit check deposits right from their home or office). The promotion will run until April 30, and will be followed by additional promotions throughout the year.

In addition to a variety of sales promotions, the Check 21 initiative also includes a wide range of marketing programs including an exclusive Panini credit union web portal (, educational webinars, ROI models, marketing materials, due diligence compliance via CSS VendorTrackTM, and more.

Panini is also supporting this new initiative for credit unions by teaming with strategic channel partners considered leaders in the credit union market including Bluepoint, Fiserv, and VSoft. Each company has worked with Panini for many years, and their solutions are already integrated to Panini's market-leading check scanners. The channel partners will collaborate with Panini to deliver their credit union-specific solutions as part of this new Check 21 initiative.

The Check 21 initiative incorporates the world's leading check capture solution featuring the Panini Vision X® and the Panini I:DealTM, supported by a complete portfolio of service and support including device maintenance and management. The Panini I:Deal is a check scanner designed specifically for small business and consumer RDC and boasts an unprecedented $299 MSRP. The product excels at the critical factors for RDC success - dual sided high quality image capture, document franking (marking items as deposited), and high performance reading technologies in the areas of magnetic ink character recognition (MICR) and optical character recognition (OCR) - making it the perfect solution for credit unions as they continue to expand RDC activities. The Panini Vision X leads the distributed capture market with over 400,000 scanners deployed worldwide. The check scanner's scalability provides users with unparalleled investment protection; as their deposit needs change, the scanner can be easily upgraded without replacing the hardware.

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