New Check Image Software Announced By Sterling
Commerce
PR Newswire - September 08, 1998 10:59
VECTOR:Image Benefits VECTOR:Five with New Technology
DALLAS, Sept. 8 /PRNewswire/ -- Sterling Commerce, Inc. (NYSE: SE), a
worldwide leading provider of bank item processing and business-to-business electronic
commerce software products and value-added services, announces the release of
VECTOR:Image for VECTOR:Five, a new check image enabling tool that will allow
new fee-based services while increasing productivity in bank operations.
"Reducing the cost of paper handling has always been especially important to financial
institutions," said Sydney Smith Hicks, vice president of operations and marketing,
Banking Systems Division, Sterling Commerce. "VECTOR:Image for VECTOR:Five
reduces these concerns because the image can be accessed repeatedly without moving
the paper. Financial data entry is facilitated and fee income can be increased by
providing new services."
With VECTOR:Image for VECTOR:Five, both quicker and remote access of
information is possible. Instead of pulling return items manually, all information can be
reviewed on-line and decisions can be made immediately. This increased speed of the
decisioning process will improve customer service and allow officers and backoffice
staff to improve their personal productivity. The remote access can lead to
enterprise-wide savings, since operations and checks no longer need to be located in
the same area.
VECTOR:Image for VECTOR:Five is a powerful, important tool for financial
institutions. Now services that require data entry of information from checks can be
provided more cost effectively by not handling paper manually. Financial institutions will
quickly be differentiated and recognized as leaders in their markets with this new image
technology.
Sterling Commerce is a leading global provider of banking systems and
business-to-business electronic commerce software and value-added services. The
company is ranked eighth on the Forbes Magazine list of the Best- Performing Small
Companies in America. Software Magazine's 1998 annual Software 500 feature
awarded Sterling Commerce an Editor's Choice award and named it the number one
E-commerce company in its class. Sterling Commerce has been providing banking
systems and electronic commerce solutions for 20 years, and has 36 office locations
and more than 40 distributors worldwide. Sterling Commerce had 1997 revenues of
over $350 million, and has more than 42,000 customers worldwide supported by its
2,300 employees. For more information, visit the Sterling Commerce Web site at
www.sterlingcommerce.com.
SOURCE Sterling Commerce, Inc.
/CONTACT: Media, Michelle Eddins, of C. Pharr & Company, 972-931-7248; or
Investors & Analysts, Dawn Wheeler of Sterling Commerce, 614-793-7000/
/Web site: sterlingcommerce.com
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