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MSI Announces MSI Remote Deposit at BAI Transpay
All-Digital, Web-enabled Merchant Capture Solution;
New Entry Point to Check 21 for Financial Institutions
OKLAHOMA CITY, May 24 /PRNewswire/ -- Myriad Systems, Inc., an advanced developer
and provider of transaction, document and item processing technology today unveiled
MSI Remote Deposit today; a paperless, web-enabled merchant capture solution that
allows customers to scan checks and other financial document and transmit the digital
images directly to financial institutions for posting and clearing.
"Financial institutions are racing to be a part of the revolution brought on by
Check 21. MSI's Remote Deposit is out in front of the pack with an entirely web-enabled
merchant capture product that integrates seamlessly with MSI's suite of Check 21
products," said Shaun Riney, MSI president. "Financial institutions today are very
geographically dependent, operating city to city or region to region," continued
Riney. "The Internet allows those institutions to be geographically independent,
and MSI is seizing the benefits of this new independence, opening new markets and
new customers for our clients with a web-based suite of products that take away
geographic constraints truly opening a global market."
MSI Remote Deposit means better deposit availability and reduced transportation
costs and risks. The web-enabled characteristic of this solution increases the speed
and demographic reach of the financial institution while making item processing
more convenient for the end user.
MSI's solution is scaleable to financial institutions large or small and all scanner
sizes as well. Remote Deposit is also IP Independent, as it can work along side
a company's current IP system without a massive conversion process.
"MSI Remote Deposit improves cash flow, increases revenue and lowers costs through
improved operational efficiencies gained by eliminating traditional, cumbersome
paper transactions," continued Riney. "MSI offers on-line training for all of our
products, to help clients get their systems moving faster and more efficiently."
MSI's unique graphic design division can help customers customize their presentation
with their logos and artwork to better reflect the individual company's business
style.
MSI announced MSI Remote Deposit at the annual BAI Transpay Conference and Expo
in Las Vegas. The BAI Transaction Conference is a major platform for the transaction
and payment industry, attracting hundreds of the nation's top solution providers.
Check 21 refers to the Check Clearing for the 21st Century Act approved by Congress
in October 2004, allowing financial institutions to clear checks based upon digital
images of the original item rather than requiring the institution to present a paper
item.
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