Unisys Corporation, a long-time leader in providing payment solutions for financial institutions, has formed an alliance with VSoft Corporation, a global information and technology provider of process improvement solutions, to offer remote deposit capture solutions for check truncation to financial institutions throughout Latin America.
Unisys will deliver VSoft's comprehensive suite of remote deposit capture solutions to enable organizations to capture, validate, process, archive and transmit check and document images from all points of presentment. The solutions help financial institutions accelerate internal processes, improve customer service and reduce paper traffic, eliminating the need for microfilm check reproductions.
Through the alliance Unisys will offer Latin American customers full check truncation abilities, equivalent to those permitted by the Check 21 Act in the U.S.
"Unisys is devoted to helping clients throughout the world improve operational efficiencies, increase productivity and gain peace of mind," said Marcel Valverde, director of technology solutions for Unisys Latin America. "Our partnership with VSoft offers the financial institutions of Latin America sophisticated, easy to use and reliable solutions, helping them to increase security and agility while reducing operational costs."
VSoft's software integrates seamlessly with the current infrastructure of financial institutions of any size and ensures compliance with government regulations. VSoft will also provide its settlement and image exchange solutions to Unisys customers in Mexico, Puerto Rico, Costa Rica, Colombia, Brazil, Argentina, Chile, Uruguay and Peru, meeting the varying needs of each country's market and regulatory requirements.
"Unisys shares in our goal to help organizations around the world improve competitiveness and drive growth," said Murthy Veeraghanta, chairman and managing director of VSoft Corporation. "The company requires advanced, yet simple solutions to fit the financial markets, as well as the regulations of each country it serves. VSoft's imaging solutions provide a dependable solution to Unisys' progressive customers throughout Latin America."