State Auto Mutual Insurance Company Selects BancTec to Provide Remittance Processing and Document Imaging Solution
By Banctec, PRNESunday, May 9, 2010
DALLAS, May 10, 2010 - BancTec, a global provider of advanced, high-volume, document and payment
processing solutions and services, announced that State Auto Mutual Insurance
Company has selected BancTec's remittance processing and document imaging
solutions to process insurance payments and other incoming documentation. The
BancTec solution will replace State Auto's legacy system, and process up to a
peak of 40,000 payments per week.
"BancTec's ability to offer a high-speed imaging platform, as well as a
single, integrated system for managing the capture, processing and archival
of payments and related documents, was an important factor in selecting their
solutions for this critical project," said Pam Holladay, Payment Services
Manager, State Auto. "Not only will we save time and money processing our
remittances, and generating Image Cash Letters (ICL) instead of paper
deposits, we can also leverage the new imaging system to 'insource' work from
other departments and scan their documents as well."
State Auto's imaging requirements will be fulfilled by BancTec's
IntelliScan(R) XDS high-speed, mixed-document scanner. The IntelliScan XDS
offers an unparalleled combination of image quality, optical resolution and
throughput, enabling State Auto to utilize the transport for scanning many
different sized document types. PayCourier(R) and PayCourier(R) Archive form
the software components of the new solution. Demonstrating the robustness and
flexibility of the solution offering, this application will reside on State
Auto's corporate network.
About BancTec
BancTec helps clients around the world simplify the process of managing
their information. Founded in 1972, the company provides a wide range of
solutions for automating complex, high-volume and data-intensive business
processes for clients in the financial services, healthcare, manufacturing,
government, services and utilities industries. BancTec's offerings include
business solutions, business process outsourcing, and infrastructure
services. With headquarters in Dallas, BancTec serves clients in 50
countries. For more information on how BancTec can help you optimize
information management, visit www.banctec.com or call 1-800-BANCTEC.
Forward-Looking Statements
All statements in this press release that do not directly and exclusively
relate to historical facts are "forward-looking statements" describing
BancTec's objectives, targets, plans, strategies, costs, anticipated capital
expenditures and expected cost savings. These statements represent BancTec's
intentions, plans, expectations and beliefs, and are subject to risks,
uncertainties and other factors, many of which are outside the Company's
control. These factors could cause actual results to differ materially from
such forward-looking statements. For a written description of these factors,
see the section titled "Risk Factors" in the Company's Registration Statement
on Form S-1, as amended, initially filed with the Securities and Exchange
Commission on August 8, 2007. The Company disclaims any intention or
obligation to update these forward-looking statements whether as a result of
subsequent events or otherwise except as required by law.
Ross Coulter, +1-214-366-0090, ross.coulter at banctec.com, for BancTec
Tags: BancTec, Dallas, France, Germany, May 10, texas, United Kingdom