Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Sterling Commerce (SE) -- Ignore unavailable to you. Want to Upgrade?

To: Marty who wrote (38)	9/16/1998 1:07:00 AM
From: TimeToMakeTheInvs	Read Replies (1) \| Respond to of 341

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