This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Loomis Armored US Doubles Annual Volume With Fiserv Item Processing Solution

Fiserv, Inc. (NASDAQ: FISV), a leading global provider of financial services technology solutions, today announced that Loomis Armored US doubled its item processing volume in 2012 to an average of more than 7 million items a month. Loomis is the international leader in the cash handling services industry and implemented Branch Source Capture™ from Fiserv in 2007 to build its high-volume item imaging business, which automates processing in an outsourced vault environment for retailers and financial institutions.

Loomis uses Branch Source Capture from Fiserv, a Web-based solution that facilitates remote capture, item correction, batch and deposit balancing, and image quality control. Loomis serves some of the nation’s largest banks, which often require highly customized information for their corporate and government customers. Fiserv customizes the output needed by Loomis’ bank cash vault clients – scanning, correcting and balancing check deposits to the exact specifications requested.

“Using Fiserv technology, the number of items processed by Loomis has grown more than ten-fold since 2007,” said Chuck O’Brien, Chief Operating Officer, Loomis Armored US. “More banks are choosing to have their retail customers deposit both cash and checks at a cash vault, and Fiserv helped us tap into this trend.”

Branch Source Capture is a scalable solution, enabling financial institutions and large cash vaults like Loomis to reduce processing time, automatically detect duplicate deposits and review daily capture operations. A full range of Source Capture Solutions ® are available from Fiserv to enable check image capture, including deposits captured at the branch or ATM, or those received from a customer’s business, home or smartphone. Fiserv has an impressive remote deposit market share, which includes more than 1.2 million end-users.

“To accommodate its 106 nationwide operating locations, Loomis required a world-class item imaging solution and Fiserv delivered with Branch Source Capture,” said Gary Brand, director, Source Capture Solutions, Fiserv. “This highly scalable solution is not only a perfect fit for the expansive needs of an organization like Loomis, but also meets the needs of the more than 3,600 financial institutions that look to Fiserv to streamline deposits using remote deposit capture.”

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,080.14 +21.45 0.12%
S&P 500 2,117.69 +4.76 0.23%
NASDAQ 5,092.0850 +36.0220 0.71%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs