Digital Check in a new partnership with ATP S.A. , a Brazilian leading company specialized in technological solutions for the financial system, secured its first success in signing an agreement with Banestes – Bank of the State of Espírito Santo.
Banestes is in the process of establishing a new check image capture and check truncation system for all of its bank branches, as well as non-banking correspondents. For the project, they purchased 1000 Digital Check CheXpress® CX30 scanners. The bank will have teller check image capture fully operational by the 3rd quarter, 2010.
Banestes is first Brazilian bank to start clearing checks from digital images and the first to fully meet the standards of the Cmara de Compensação do Banco do Brasil, a central Brazilian processing mechanism through which financial institutions exchange payment instructions and other financial obligations . The process will speed up check clearing processes, while reducing the transportation and logistics costs of moving and processing checks and other payment documents. Banestes will be utilizing ATP’s Imagon solution for this project, sending the scanned image of the check for clearing, without the need for the physical exchange of documents. ATP will be responsible for integrating its platform and for the installation and maintenance of Digital Check scanners with the bank’s banking system.
Nori Lermen, president of ATP, commented, “this partnership will bring great results for both companies, considering the excellent products and solutions our two companies offer to banks, especially in the area of check image capture and truncation.” Adrian Henigman, Digital Check country manager for Brazil, added, “we look forward to strengthening this partnership with ATP S.A. and expanding our business to other Brazilian banks.” For more information fill out our web contact form.