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Fidelity
Information Services’ BankWare Announces ImageCentre Voyager
New
browser-based solution provides three multi-billion dollar financial
institutions with
integrated and scalable image exchange foundation
Jacksonville,
Fla. – (September 14, 2004) –
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 division announce the release of
ImageCentre™ Voyager™, an advanced platform
for check image exchange.
ImageCentre
Voyager was developed by BankWare, a provider of check imaging
solutions, which was acquired by Fidelity Information Services in April,
2004. The ImageCentre suite provides financial institutions with a
complete browser-based payment processing and document management
solution. The new Voyager module enables client financial institutions
to exchange check images with image exchange networks, correspondent
banks and other financial institutions.
The
product was successfully implemented as a pilot at three unique
multi-billion dollar financial institutions: Harleysville National
Corporation in Harleysville, PA; Univest Corporation in Souderton, PA;
and The Banc Corporation in Birmingham, AL. These implementations have
facilitated the daily exchange of images with various third parties,
including the Federal Reserve Bank.
“ImageCentre
Voyager is a key component of our overall image exchange strategy,"
says Linda Lockhart, senior vice president of $2.8 billion Harleysville
National Bank and Trust Company, the largest subsidiary of Harleysville
National Corporation. "We installed Voyager for image exchange in
May of this year and have been impressed with the performance, ease of
use and capabilities of the software.”
“Exchanging
check images electronically is a revolutionary shift in payment and item
processing,” says Bob Darty, group executive for the BankWare
division. “As the image exchange industry evolves, Voyager will enable
our clients to take a leading role and improve profitability by reducing
courier costs and non-interest expenses, and shortening the collection
cycle.”
Unique
features of ImageCentre include the system’s completely browser-based
architecture, single-menu interface and integrated product suite.
ImageCentre Voyager adds the ability to import and virtually process
check images, export check images, print image replacement documents and
generate return files.
“Implementation
of ImageCentre Voyager in conjunction with Check 21 enables Univest to
achieve extensive operating efficiencies,”
said Richard R. Swartley, executive vice president of Univest
Corporation. “The
innovative software allows for a smooth transition to full check image
exchange, and will be an integral part of our Check 21 strategy.”
As
a single source image solution, ImageCentre also provides a myriad of
integrated fraud detection solutions. Complementary ImageCentre modules
include Account Guard, Automated Signature Verification, and Check
Kiting. With image exchange and the subsequent reduction in check
clearing times, ImageCentre assists financial institutions in their
efforts to improve fraud protection by detecting suspicious activity
earlier in the payment process.
About
Harleysville National Corporation
Harleysville
National Corporation, with assets in excess of $2.8 billion, is the
holding company for its largest subsidiary, Harleysville National Bank
and Trust Company (HNB). Providing Real Life Financial Solutions, HNB
operates 45 offices in 10 counties throughout eastern Pennsylvania.
Harleysville National Corporation stock is traded under the symbol
"HNBC" and is commonly quoted under Nasdaq National Market
Issues. For more information, visit the HNC Web site at http://www.hncbank.com.
About
Univest Corporation of Pennsylvania
Univest
Corporation is a $1.8 billion financial services institution
headquartered in Souderton, Pennsylvania.
Univest Corporation and its subsidiaries, Univest National Bank
and Trust Co., Univest Insurance, Inc. and Univest Investments, Inc.,
provide community support, leadership, and strong performance in the
financial services industry. Univest delivers Financial
Solutions For Life to residents and businesses in Bucks and
Montgomery counties through a network of 36 financial service centers
and 40 ATM locations.
For more information, visit the Univest website at http://www.univest.net.
About
The Banc Corporation
The
Banc Corporation is a $1.3 billion community bank holding company
headquartered in Birmingham, Alabama. The principal subsidiary of The
Banc Corporation is The Bank, a southeastern community bank. The Bank
has a total of twenty-six branches, with nineteen locations throughout
the state of Alabama and seven locations along Florida's eastern
panhandle.
About
ImageCentre
ImageCentre is the financial
industry’s first and only complete and integrated browser-based check
imaging, document imaging, remittance imaging, and COLD solution.
Designed by financial institutions for financial institutions,
ImageCentre provides a complete payment processing and document
management solution to more than 400 community and mid-tier financial
institutions. For more information, visit the BankWare website at http://www.bankware.net.
About
Fidelity National Financial
Fidelity
National Financial, Inc., number 262 on the Fortune 500, is a provider
of products and outsourced services and solutions to financial
institutions and the real estate industry.
The Company had total revenue of more than $7.7 billion and
earned more than $860 million in 2003, with cash flow from operations of
nearly $1.3 billion for that same period.
FNF is a leading provider of information-based technology
solutions and processing services to financial institutions and the
mortgage and financial services industries through its subsidiary
Fidelity Information Services, Inc.
Fidelity
Information Services' 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 as well as more than 1,500
community-based financial institutions and has clients in more than 50
countries who rely on its processing and outsourcing products and
services. Additionally, Fidelity Information Services is among the
nation's leading providers of image-based check processing solutions.
Fidelity
National Financial is the nation's largest title insurance company and
also provides other real estate-related services such as escrow, flood
and tax certifications with life of loan monitoring, merged credit
reporting, property valuations and appraisals, default management,
relocation services, flood, homeowners and home warranty insurance,
exchange intermediary services, mortgage loan aggregation and
fulfillment, multiple listing services software, mortgage loan
origination software, collateral scoring analytics and real property
data. More information about the FNF family of companies can be found at
www.fnf.com
and www.fidelityinfoservices.com.
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.
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