Brinks U.S. Signs with Metavante to Offer Banks and Corporate Customers a Growing Range of Remote Check Image Capture Services

Brinks, a premier provider of logistics solutions and secure transportation, expands services with Metavante’s Sendpoint distributed image capture technology.

MILWAUKEE--(BUSINESS WIRE)--Brink’s U.S., a division of Brink’s Incorporated, a global leader in providing secure logistics solutions, and Metavante Corporation, the technology subsidiary of Marshall & Ilsley Corporation (NYSE:MI), announce the launch of Metavante’s Sendpoint distributed image capture service to Brinks’ cash vaults across the country. Metavante’s Sendpoint service provides for the remote image capture and image exchange of deposits and payments received from Brink's Vaults, accelerating deposit capture from receipt through posting and presentment.


Brinks manages a large national network of more than 100 cash vaults around the country. Combining cash processing and logistics, Web-based information tools and secure armored transportation, Brink’s allows financial institutions to compete in new markets without expanding their branch network. In conjunction with Metavante Image Solutions, Brink's now offers a suite of vault image solutions, enabling check image capture and electronic presentment throughout its nationwide network. Brink’s customers can take advantage of a complete, end-to-end image-enabled payment processing solution designed to help them expand geographic reach, lower costs and reduce risk.


“Brinks and Metavante Sendpoint are redefining traditional cash vault services by offering financial institutions and retailers an efficient and cost effective electronic check solution. Together, we are integrating with financial institution back-office systems to provide check images and customer posting information,” said Fred Purches, senior vice president, strategic solutions and product management, Brink’s U.S. “Establishing a long-term strategic alliance with an industry expert like Metavante is not only exciting, but beneficial to our customers. We can now give customers a full range of deposit and payment management solutions, eliminating costly logistics, improving availability of funds and creating new efficiencies in the supply chain.”

“The integration of Metavante’s Sendpoint check image capture technology with Brinks vault operations is a excellent example of how the payments industry can push capture out to a distributed environment,” said Brian Hurdis, president, Metavante Image Solutions. “Brink’s is offering an innovative solution that provides a competitive advantage for banks, and high-volume merchants and corporate accounts.”

Metavante Image Solutions provides comprehensive solutions that help banks and businesses transition from paper to electronic payments and image processing. Solutions that can be delivered in-house or outsourced include distributed capture, check and remittance processing, fraud detection, and document and report management. Metavante Image Solutions customers encompass banks and corporations of all sizes worldwide from de novo banks to the largest financial institutions and corporations.

How It Works

In the constantly changing secure logistics industry, Brink’s has continually led the way by creating innovative services and solutions. Now, with Metavante’s Sendpoint distributed image capture applications, financial institutions can receive a secure, locally centralized proof of balance. Specifically, the cash-in tickets and paper checks are truncated as they are image captured. Then, check deposits are balanced, adjusted and forwarded to the Metavante Sendpoint service, where the check images are formatted as custom X9.37 files for posting or bank-to-bank image exchange. This scalable, full-service solution improves commercial customer float, provides real-time web access to information and nearly eliminates the need for costly transportation and processing of physical checks, which allows Brink’s to timely process deposits virtually anywhere in the country. Currently, this innovative solution is in production for two of the nation’s top five financial institutions and will be introduced to other business partners throughout the course of this year.



About Brinks, Incorporated
http://www.brinksinc.com/
About Metavante
(www.metavante.com)