SLMsoft.com Signs CDN$6 Million Contract With Compass Bank for Savings
- SLMsoft.com to provide outsourcing services to regional U.S. bank -
TSE: ESP.A and ESP.B
TORONTO, Oct. 5 /CNW/ - SLMsoft.com, Inc. (TSE: ESP.a, ESP.b), a
leading global provider of electronic financial transaction solutions for the
e-commerce market, is pleased to announce that it has signed a three-year,
CDN$6 million contract with Compass Bank for Savings (the Bank) in the United
States for outsourced image/item processing services.
Under the terms of the contract, SLMsoft.com will provide outsourcing
services to the Bank that will help the Bank improve its operational
efficiency and customer service. SLMsoft.com's sales backlog will grow by
CDN$6 million to be recognized over three years, and is renewable thereafter.
"We are excited by the opportunity to be able to serve one of the fastest
growing regional banks in the New England area," said Govin Misir, Chairman
and CEO of SLMsoft.com. "Our web-centric solutions will be deployed to enable
users to search and retrieve information using our EC-street network."
About Compass Bank for Savings
Compass Bank for Savings is a subsidiary of Seacoast Financial Services
Corporation. Seacoast Financial Services Corporation is the largest publicly
owned savings bank in Massachusetts. Headquartered in New Bedford,
Massachusetts, it is a US$2.3 billion state-chartered savings bank with 40
branches serving the New England region. The Bank provides a wide array of
financial services including consumer banking, mortgage lending, commercial
lending, consumer finance and alternative investments to retail and business
customers.
About SLMsoft.com
Founded in 1986, SLMsoft.com is a leading developer of electronic payment
systems and transaction processing solutions, including e-commerce
applications with a focus on the financial services industry. SLMsoft.com
provides real-time end-to-end e-banking solutions that include Internet
banking, interactive voice recognition (IVR), debit and credit card issuing,
automated teller machines and point-of-sale network management, retail branch
management, core banking and cheque imaging. SLMsoft.com also provides
investment brokerage client and portfolio management applications for the
brokerage industry; e-health solutions which enable health insurance claims to
be evaluated at the point of service, processed and settled in real time; and
e-government solutions which enable consumers to pay fees for government
services in person, at kiosks, through IVR systems or the Internet.
SLMsoft.com has over 1,500 active customer installations worldwide. Currently,
SLMsoft.com has more than 600 employees, operating out of 21 locations.
SLMsoft.com, ESP-Link and EC-street are trademarks of SLMsoft.com, Inc.
All other product and company names mentioned herein may be trademarks of
their respective owners.
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For further information: Investor Relations - Dave Mason, The Equicom
Group, Inc., (416) 815-0700 ext. 237, (416) 815-0080 Fax, Email:
dmason@equicomgroup.com, www.equicomgroup.com; At SLMsoft.com, Inc. -
Corrine Smith, VP Corporate Marketing and Branding, Tel: 800-581-6016 ext. 132
or (913) 307-5132, Email: corrines@slmsoft.com, www.slmsoft.com;
To request a free copy of this organization's annual report, please go to
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