LONG BEACH, Calif.--(BUSINESS WIRE)--Sept. 9, 2004--ACOM
Solutions, an industry leader in the development and marketing of
hardware-software check processing solutions, has entered into a
partnership with NetDeposit, Inc. to provide MICR-enhanced desktop
laser printers for the Salt Lake City company's Check 21-compliant
end-to-end electronic check processing and optimized clearing and
settlement solution, it was announced today by NetDeposit President
Royce Brown and Sam Mikhail, vice president - sales of ACOM's
e-Business Division. Current deadline for Check 21 compliance is
October, 2004.
Engineered for extended security and the rigors of magnetic ink
printing in ACOM's own laboratories, the MICR laser printing solutions
provide production capacities of 26-45 pages per minute. Each printer
in the NetDeposit Printer Partner Program has been tested against
X9.90/100 standards to ensure compliance with standards specifications
for clarity, sharpness and clearing viability as IRDs, the executives
said.
NetDeposit has produced more than one million IRDs through its
technology platform, which electronifies paper documents and checks
and manages item-level clearing through the optimum eligible channel,
whether IRD, image exchange or ARC/ACH.
"The ability to substitute IRDs for original cancelled checks will
bring tremendous benefits in cost, efficiency and settlement velocity
to banks, third party processors and commercial businesses," Mikhail
said.
"Through our Printer Partner program we're able to offer our
customers access to the most reliable and high quality IRD check
rendering systems available today," said Brown. "Endorsed MICR check
printing systems like ACOM Solutions, coupled with NetDeposit's
Distributed Print Server product, bring banks, third party processors
and commercial businesses a secure, integrated, cost effective way to
produce high quality IRDs."
Added Mikhail, "NetDeposit's highly scalable IRD solution coupled
with ACOM's affordable family of MICR laser printers extends these
advantages to a large potential user base that includes community
banks and other organizations that have low to medium IRD print
requirement but do not require massive production capabilities.
"Moreover, ACOM's printer solutions can also operate in split-run
and cluster environments at larger institutions, achieving
production-printer output levels at significantly lower costs while
distributing the risk of interrupted production," he said.
Besides NetDeposit, ACOM's MICR laser printer solutions have also
been tested and approved by Electronic Data Services (EDS) and FiServ,
and are in use for business payroll and accounts payable check
production at more than 2,000 companies in the United States and
abroad.
"As the first-to-market, standard-setting leader in IRD
development and production solutions, it has been imperative that we
acquire best-of-breed partners to deliver our end product IRDs,"
Mikhail said. "Our reputation and progress as a company rests with our
ability to fulfill our promises of quality and consistent on-time
delivery. ACOM's MICR engineering skills and long history of quality
and performance makes the company a valuable ally in addressing this
vital and promising new market."
About NetDeposit, Inc.
NetDeposit, Inc. is a leading innovator of Check 21 software
products for banks, third party processors, and commercial businesses
to enable distributed capture, point of entry truncation, optimized
clearing, and full settlement reporting. NetDeposit's product suite
operates from a robust and highly scalable technology platform that
electronifies paper and manages item level clearing through the
optimal eligible channel -- whether a clearing house, Fed Reserve or
paying bank. NetDeposit, Inc. is a wholly owned subsidiary of Zions
Bancorporation (NASDAQ:ZION) in Salt Lake City, Utah and San Mateo,
California. More information can be found at www.net-deposit.com.
About ACOM Solutions, Inc.
ACOM Solutions, Inc. is a leading provider of payment management,
B2B e-Commerce management, document management, and purchasing
management solutions that integrate with enterprise applications such
as ERP and CRM to enhance back-office and B2B processes for
electronic, internet and paper-based commerce. The company is also a
major provider of MICR-enhanced laser printers for corporate payment
operations. Now in its 20th year of business, ACOM maintains corporate
headquarters in Long Beach, California, regional offices located in
several major U.S. cities, and solution partnerships with offices
worldwide. For more information, contact sales@acom.com, call
800-699-5758, or visit www.acom.com/printers.
CONTACT: ACOM Solutions, Inc.
Gregg Church, 562-424-7899
gchurch@acom.com
or
Victor Wortman Company
Victor Wortman, 310-393-6281
vwortman@earthlink.net
SOURCE: ACOM Solutions, Inc.