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CIB
Marine Bancshares, Inc. to Implement Branch Capture Xpress™ and Check
21-Enabling Solutions from Fidelity Information Services
Branch
Capture Xpress to be Installed at 41 Widely-Dispersed
Banking Offices in Seven States
Jacksonville,
FL -- (June 8, 2005) -- Fidelity
National Financial, Inc. (NYSE:FNF), a Fortune 500 provider of products
and outsourced services and solutions to financial institutions and the
real estate industry, and its Fidelity Information Services
(“Fidelity”) division announced today that CIB Marine Bancshares,
Inc. (CIB Marine) will implement Fidelity’s ImageCentre™, Branch
Capture Xpress™ and Voyager™ check imaging solutions across its
network of 41 banking offices located throughout Wisconsin, Illinois,
Indiana, Nebraska, Nevada, Arizona and Florida.
With
such significant geographical dispersion, the multi-bank holding company
determined that implementing a centralized image capture solution was
not practical or economical, and the option of establishing regional
item processing centers was not justifiable. Ultimately, a combination
of factors led to the development of a business case that includes
branch image capture technology, Check 21 Legislation (substitute check
creation) and image exchange.
“While
we have been exploring check imaging for a number of years, our
widespread network of banking offices historically made this enterprise
decision simply cost prohibitive,” said Mike Rechkemmer, EVP and COO
of CIB Marine Bancshares. “The solution offered by Fidelity matches
our needs perfectly, and we anticipate that this leading-edge technology
will help us improve customer service, expand our product portfolio and
reduce our non-interest expenses.”
CIB
Marine Bancshares will install Fidelity’s Branch Capture Xpress for
remote image capture at each banking office in concert with a
centralized solution using ImageCentre for processing, courtesy amount
recognition, legal amount recognition, keying and archival. Additionally
Fidelity’s Voyager will enable electronic check image exchange, image
in-clearings, substitute check creation, return file presentment and the
elimination of the exception item pull (EIP) and item processing
couriers.
“With
such unique system requirements, our integrated suite of browser-based
payment processing solutions will not only meet the client’s needs, it
will also provide the lowest total cost of ownership and deployment,”
said Bob Darty, group executive for Fidelity’s Integrated Financial
Solutions division. “As the payment industry evolves from paper-based
to electronic transactions, our integrated solutions provide financial
institutions with the strategic infrastructure to support image
processing, image exchange, image archive, distributive image capture,
substitute check creation and other means of payment electronification.”
About
Fidelity National Financial
Fidelity
National Financial, Inc., number 261 on the Fortune 500, is a provider
of products and outsourced services and solutions to financial
institutions and the real estate industry.
FNF is the nation’s largest title insurance company, with
nearly 32 percent national market share, and is also a provider of other
specialty insurance products, including flood insurance, homeowners
insurance and home warranty insurance.
Through its majority-owned subsidiary Fidelity National
Information Services, Inc. (“FIS”), the Company is a leading
provider of technology solutions, processing services and information
services to the financial services and real estate industries.
FIS’ software processes nearly 50 percent of all U. S.
residential mortgages, it has processing and technology relationships
with 45 of the top 50 U.S. banks and more than 2,800 small and mid-sized
U.S. financial institutions and it has clients in more than 50 countries
who rely on its processing and outsourcing products and services.
FIS also provides customized business process outsourcing related
to aspects of the origination and management of mortgage loans to
national lenders and servicers.
FIS offers information services, including property data and real
estate-related services that are used by lenders, mortgage investors and
real estate professionals to complete residential real estate
transactions throughout the U.S.
More information about the FNF family of companies can be found
at www.fnf.com and www.fidelityinfoservices.com.
About
CIB Marine Bancshares, Inc.
CIB
Marine Bancshares, Inc. is a multi-bank holding company with 41 banking
offices in Central Illinois,
Wisconsin
,
Indiana
,
Florida
,
Nebraska
,
Arizona
and
Nevada
. With strong local management teams and a commitment to relationship
banking, CIB Marine and its subsidiaries strive to provide unparalleled
customer service. Learn more about CIB Marine at www.cibmarine.com.
Statements contained in this news release that are not based on current
or historical facts are forward-looking in nature. Actual results could
differ materially from those indicated by such statements. For
information about factors that could affect actual results, please refer
to CIB Marine’s periodic reports filed with the Securities and
Exchange Commission.
This
press release contains statements related to future events and
expectations and, as such, constitutes forward-looking statements.
These forward-looking statements are subject to known and unknown
risks, uncertainties and other factors that may cause actual results,
performance or achievements of the Company to be different from those
expressed or implied above.
The Company expressly disclaims any duty to update or revise
forward-looking statements.
The risks and uncertainties which forward-looking statements are
subject to include, but are not limited to, the effect of governmental
regulations, the economy, competition and other risks detailed from time
to time in the “Management’s Discussion and Analysis” section of
the Company’s Form 10-K and other reports and filings with the
Securities and Exchange Commission.
SOURCE:
Fidelity National Financial, Inc.
CONTACTS:
Daniel Kennedy Murphy, Senior Vice President, Finance and Investor
Relations, 904-854-8120, dkmurphy@fnf.com,
or Dennis Holland,
Fidelity Integrated Financial Solutions, 972-943-2685, dennis.holland@fnf.com.
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