Standard Bank Of South Africa Chooses Unisys E-@Ction Payment Solutions - Company Business and Marketing

EDP Weekly's IT Monitor,  March 13, 2000  

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Unisys Corp. announced that The Standard Bank of South Africa Ltd., one of South Africa's largest banks, signed a $7.5 million contract for the Unisys e-@ction Payment Solutions portfolio, which includes item and image capture, archiving and data consolidation applications. Unisys payment solutions will enable the bank to enhance its check-processing operations to reduce opportunities for fraud while increasing responsiveness to customers.

Standard Bank, with headquarters in Johannesburg and total assets of $38 billion, processes checks in 16 Day 1 sites and three Day 2 sites. To accelerate the processing, Unisys e-@ction Payment Solutions will deliver high-speed, image-capture and bulk filing capabilities. The solution also will include consolidation of information captured on Day 1 from non-Unisys platforms and on Day 2 from the Unisys Check Processing solution, VisualImpact, to feed the Unisys Payment Information Archive. The central archive then provides complete audit information related to a transaction regardless of the capture system, eliminating redundant archive systems. The information is stored automatically in the archive storage and retrieval facility, enabling the bank to streamline a number of processes - such as check sorting for exception handling, bulkfile statement cycle storage, and the preparation of monthly statements.

In addition, the scalable Unisys system will enable Standard Bank to develop strategies to address the critical business issue of fraud by detecting forgery through imaging techniques, including signature verification and audit. The Unisys Payment Information Archive will allow the bank to provide Internet access to their customers and employees as well as CD-ROM products and image statements.

Unisys also will provide four NDP 1825 and four NDP 1150 high-speed reader/sorters and six NDP250 medium-speed power encoders, along with Aquanta Intel-based servers and image workstations.

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