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Commerce Bank Selects Rosetta Check 21 Solution.
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Commerce Bank Selects
Rosetta to Provide Check 21 Solution FOR RELEASE MAY 4th, 2005
The IRDPrint System – Remote Capture software receives image files and the associated check information captured by scanning checks at their corporate customer's site and forwarded by the RDM Image & Transaction Management System (ITMS™) software. The IRDPrint System then renders these files into IRDs. The software compiles deposit tickets, creating a complete deposit transaction output file, which is then delivered to Rosetta Technologies MICR printers for producing ANSI-compatible substitute checks or IRDs. These IRDs and their associated deposit tickets are then processed by Commerce Bank as any paper-based deposit. Rosetta Technologies' IRDPrint System – Remote Capture is a robust software package that provides for the creation of IRDs, job composition and re-composition, intelligent job recovery, management of multiple printers, audit trail reporting and security. IRD jobs are tracked from beginning to final output, with detailed control over queue operations, re-sorting, print and hold, and duplicate detection. The View & Reprint module allows for viewing individual IRDs, bundles or batches, and reprinting selected items under additional password control. “The system is scaleable, secure and extensible, built to grow as transaction volumes increase,” said Rob Hullar, of Rosetta Technologies. “We are very pleased to have been selected by Commerce Bank for the IRD printing portion of their overall remote capture initiative. All the Commerce team have been and continue to be a pleasure to work with, and they understand their business model extremely well”, he added. “Check 21 has provided Commerce Bank with a platform to enhance our commercial banking product offering," said Andrew Kaplan, senior vice president, commercial banking, Commerce Bank. "It allows our customers to remotely capture and transmit deposited items from their places of business directly to Commerce Bank. Rosetta Technologies' product functionality is both cost effective and integrates well into RDM's existing workflow process.” About Rosetta Technologies Rosetta Technologies Corporation has been developing MICR printing solutions since the early 1990s. As a total solution leader for enterprise check printing, the Company delivers a full-service product set for business-critical applications such as check printing and secure documents. The Company's offerings include a complete family of MICR laser printers from 37 to 276 IRDs-per-minute engineered by Rosetta Technologies for ANSI compliant MICR output, software packages for electronic document creation, output management and disbursement, post processing equipment, supplies, and electronic document creation services. On the Web: www.rosettatechnologies.com. About Commerce Bank
Commerce Bank is the principal subsidiary
of Commerce Bancshares, Inc. (NASDAQ: CBSH), a $14.1 billion regional
bank holding company. For more than 139 years, Commerce has been meeting
the financial services needs of individuals and businesses. Commerce
provides a diversified line of financial services, including business
and personal banking, wealth management and estate planning and
investments through its affiliated companies. Commerce currently
operates in approximately 330 locations in Missouri, Illinois and
Kansas. Commerce also has operating subsidiaries involved in mortgage
banking, credit related insurance, venture capital and real estate
activities. |
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Rosetta Technologies Worldwide
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Tampa,
FL, May 4th, 2005 - Rosetta Technologies Corporation announced today
that Commerce Bank, a Missouri-based bank, has selected its IRDPrint
System –Remote Capture software suite and MICR printers to provide Image
Replacement Documents (IRD) output for their Remote Capture check
electronification initiative. Commerce Bank's solution, provided in a
partnership between RDM Corporation of Waterloo, ON and Rosetta
Technologies Corporation, delivers a full check electronification
platform that encompasses accounts receivable (ARC) and Check 21
functionality, which will significantly enhance the process whereby
billers accept payments.
