Myriad Systems, Inc. Announces MSI Checks(e) - All-digital, Paperless, Web- Enabled Branch Capture Solution26 May 2006
Myriad Systems, Inc., an advanced developer and provider of transaction, document and item processing technology today introduced MSI Checks(e) -- an all-digital, paperless, web-enabled branch capture solution that will allow financial institutions to quickly scan transaction items at the source, such as a teller or back room operator, and digitally move those items instantly within the institution or from institution to institution.
"MSI Checks(e) is totally digital -- NO PAPER! MSI's advanced technology has completely eliminated the need for paper handling, sorting and transportation," said Shaun Riney, MSI president. "With our branch capture solution all transactions are handled digitally from capture to presentment to returns with no hardware. Many financial institutions are holding on to their paper sorters because they haven't been able to make the leap into the Check 21 paperless system. MSI Checks(e) gives them the ability to make that jump without massive servers or new equipment in a completely secure environment with data redundancies built in."
MSI announced MSI Checks(e) at the annual BAI Transpay Conference and Expo in Las Vegas. The BAI Transaction Conference is a major platform for the transaction and payment industry, attracting hundreds of the nation's top solution providers.
Web-enabled means MSI Checks(e) offers immediate savings because the solution is completely operated from an Internet browser and requires no costs related to server installation or maintenance.
MSI Checks(e) is a fully functional POD (proof of deposit) product with Intuitive reject-re-entry, CAR/LAR and all other POD features available and; of course, web-enabled. This branch capture solution can also create image replacement documents (IRD) and demographically expedite IRD production nationally to speed up the delivery time.
"MSI Checks(e) is a true Check 21 system because it only utilizes a digital means of transporting items. Financial institutions nationwide are finally embracing the technology, speed and convenience of electronic truncation in wide scale use. Paper financial items are quickly becoming obsolete in the race to adopt new technology. Our unique web-enabled technology allows institutions to step into the Check 21 world with minimal investment," concluded Riney. "MSI Checks(e) is an integral part of MSI's suite of Check 21 solutions including MSI Checkup, a web-enabled archive product, MSI Direct Presentment, a web-based digital exchange solution with SDS (same day settlement) and the new MSI Remote Deposit, a merchant capture solution. All are ASP.net and fully web-enabled.
Check 21 refers to the Check Clearing for the 21st Century Act approved by Congress in October 2004, allowing financial institutions to clear checks based on digital images of the original item rather than requiring the institution to present a paper item.
ABOUT MSI
Myriad Systems, Inc. is a developer and provider of transaction, document and statement processing and mailing distribution services and software. MSI offers full back-office processes, with advanced technology in web-based solutions and item processing software. MSI's unique marketing division contains a dynamic graphic development team that turns the ordinary into extraordinary.
MSI provides web-based solutions, imaging and data archive, item electronic statement presentation, print and mailing -- and now our web- enabled Check 21 suite of products.
Source: prnewswire
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