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Latest News
Viewpointe & Smaller Banks
Jul 01, 2008
PrimeNewswire
Viewpointe is offering a connectivity option for financial institutions to conduct image exchange. A new Internet connectivity option is available to financial institutions with annual check image volume of 75m or less. The new offering helps enable banks to more quickly, easily & cost effectively use Viewpointe’s Pointe2Pointe image exchange service through the Internet, without the expense of a dedicated telecom line. ‘Viewpointe’s aim is to help complete the ‘last mile’ in image exchanging by making it easier for financial institutions of any size to get connected with an image exchange network,’ said Diane Scott, Viewpointe. ‘From within the industry, we hear that financial institutions not using image exchange want to start doing so, but they are struggling to find ways to do so with what are very often limited financial & human resources. This new Internet connectivity option provides an easier, more economical way to get involved & reduces the demands on financial institutions’ internal resources.’ Financial institutions with annual electronic check volumes of up to 75m can now have cost-effective access to Viewpointe’s proven, robust Pointe2Pointe image exchange service. Organizations can easily & securely connect with exchange partners via software that is widely used by many financial institutions to conduct file transfers. Internet connectivity gives financial institutions the option to send settlement entries to PaymentsNation in an automated fashion - all through the same connection - making the process simpler, faster & more efficient. The fee structure is designed to encourage participation; there are no implementation fees & transactions are priced per item based on actual usage. ‘Financial institutions today are looking for methods to reduce the cost of in-house resources & telecom spending while streamlining settlement opportunities wherever possible,’ said Nancy Atkinson, Aite. ‘Internet connectivity is a strong option for image-enabled banks to quickly begin image exchange & gain rapid access to exchange partners in the Viewpointe network.’
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