First Data payment technology and services solutions added Attra Infotech cards and payments services as its first Developer License Program member for the VisionPLUS and AccessPLUS suite of software products licensed by First Data globally. VisionPLUS, is a payment processing solution for financial institutions that enables the issuance and processing of credit, debit, commercial and prepaid cards, as well consumer loans, loyalty and merchant accounts on a single platform. Offered with VisionPLUS is AccessPLUS with a suite of business process management products that drives operational staff efficiency in servicing customers and supports portfolio parameter management. First Data’s Developer License Program further contributes to keeping the VisionPLUS and AccessPLUS suite of products flexible and up-to-date with new market trends and technology.
WAY4 software from OpenWay Group is chosen as a solid technical foundation for the National Payment Switch of Bangladesh. Its partner Infotech signed a contract with Bangladesh Bank to carry out the implementation of the new infrastructure to increase the transparency of internal and cross-border electronic payments, optimize all regulatory and supervisory procedures, and reduce related costs. Commercial banks having an ATM/POS/e-Payment Gateways/Mobile payment switches or being connected to any other shared switch network will be able to send inter-bank payment instructions to the NPS for clearing and settlement purpose.
3i Infotech Billing & Payments software and solutions for the end-to-end corporate revenue chain, and leading financial technology provider Online Resources Corporation, announced a reseller agreement that will deliver a complete electronic payment and processing solution to customers. With this, the companies will integrate Online Resources’ “Payment Advantage” solution, allowing electronic payments on a one-time basis or through enrollment, with 3i Infotech’s presentment and processing solutions. The new relationship is part of 3i Infotech Billing & Payments’ Center of Excellence and core to its ongoing channel management consolidation strategy designed to optimize client revenue chains through improved efficiency, simplicity and cost controls.
3i Infotech Billing & Payments software and solutions partnered with CN Railways to jointly discuss the elimination of paper from cash applications at the 2011 Canadian Financial Operations Symposium. The symposium focuses on concepts and proven best practices in critical financial operations such as accounts payable, accounts receivable, payments and P2P. The presentation, “Eliminating Paper from Cash Applications: A CN Case Study,” will address how 3i Infotech Billing & Payments partnered with CN to implement a highly sophisticated automated cash application system tailored to CN’s business needs.
Media Development Loan Fund (MDLF) has selected 3i Infotech-“Framework” to support its administration of its global loan portfolio and investors. Framework is a fully integrated, end-to-end software solution for the private equity industry. MDLF is a mission-driven investment fund that provides low-cost capital – loans and equity investments – and technical know-how to independent news outlets in countries without a free press. Working in Africa, Asia, Latin America, Southeast Europe and the CIS, MDLF helps journalists in challenging environments build sustainable businesses around professional, responsible, quality journalism.
3i Infotech has partnered with Western Union global payment services to make available joint electronic billing and payment solutions to clients of both companies to further optimize client revenue chains. Focusing on increased efficiency, simplicity and cost controls, the partnership incorporates 3i Infotech’s advanced eBilling and correspondence delivery and its electronic lockbox offering, along with a Western Union comprehensive suite of electronic payment services. The ePayments platform allows biller’s customers to easily access their eBills, promoting migration from paper billing, enhancing efficiencies, and easily integrating with the billers’ end-to-end revenue chain; more payment options for customers; A/R consolidation through the eLockbox, giving users the powerful ability to receive a single A/R file for their entire spectrum of payments channels; and concentrates on customer relationship management and retention benefits, environmental sustainability, and reduced print and postage costs.
3i Infotech global information technology and business process outsourcing (BPO) company has forged agreements with Zumbox digital postal mail services, allowing 3i Infotech clients to send electronic bills and other customer communications via Zumbox. Among other valuable benefits, the partnership will assist 3i Infotech clients in driving electronic bill adoption, promoting print suppression and cutting costs. Especially for utilities, insurance, financial services companies and others who need to accommodate changing preferences in how customers choose to receive and pay their bills, the partnership is part of 3i Infotech’s expansion of its electronic billing and payment services. Zumbox archives and presents mail to consumers in a secure, central online environment, instead of on paper. Zumbox has created a digital mailbox for every street address in the United States, connecting large transactional, financial and government mailers to consumer households for the protected, on-time delivery of postal mail online.
Fifth Third Processing Solutions payment solutions provider is set to offer its mobile check deposit capabilities through its partnership with 3i Infotech information technology company. This lets users deposit paper checks anytime, anywhere by taking photos of them via their smartphones and submitting them through a secure electronic application provided by 3i Infotech. With “3i Infotech eCapture” mobile check deposit, Fifth Third Processing Solutions recognizes the intense customer demand for this service and is leading the way with this cutting edge solution for financial institutions of all sizes. 3i Infotech provides the application, updates core banking systems and validates check images for Check 21 compliance using Mitek Systems’ mobile “IMagePROVE” technology.
ISTS Worldwide retail and payments technology offshore subsidiary, ISTS InfoTech, recently completed an appraisal of their India operations against the Software Engineering Institute´s Capability Maturity Model Integration (CMMI) version 1.2. Conducted by KPMG India, the appraisal resulted in ISTS InfoTech achieving a CMMI Maturity Level 3 rating, covering its software development and related support processes and indicates that these processes are effectively managed and defined. ISTS Worldwide is an end to end IT consulting and services organization, providing custom development, integration and global execution capabilities for the retail-payments industry.
3i Infotech global information technology and transaction services is expanding its service offerings through its Business Process Outsourcing (BPO) and Global Information Technology Services (GITS) business units. Through these units the Company will deliver its advanced technology solutions, deep domain expertise and associated best practices in banking, financial services, insurance, government, manufacturing, retail, telecom, education, healthcare and utilities. The BPO group offers end-to-end outsourcing, software, services and solutions, with a particular expertise in the complete revenue chain lifecycle, including billing and remittance processing, document management, electronic transaction services, data and information management and more. 3i Infotech provides technology solutions to over 1,500 customers in more than 50 countries across five continents.
ECB has signed an agreement with InfoTech Alliance Bank Services to implement the FIS integrated “HORIZON” banking system. The “HORIZON” flexible core banking solution featuring open architecture and advanced technology involves minimal risk and disruption to business operations and customers. InfoTech Alliance currently provides item processing services for ECB, which decided to extend its relationship to include HORIZON core account processing services and a host of other integrated technology solutions after a thorough evaluation. FIS delivers banking and payments technologies to more than 14,000 financial institutions and businesses in over 100 countries worldwide.
Payment solution provider J&B Software
will demonstrate its accounts payable (AP) and accounts receivable (AR) automation solutions
at FUSION 2010, TAWPI’s Annual Forum& Expo. J&B’s AP automation solution converts paper invoices and associated
documents into electronic images. Advanced optical character recognition
(OCR) technology adapts captured invoice fields into usable data using
ERP information, sophisticated algorithms and an extensive knowledge
base. Following capture, the invoices and data are submitted to an
appropriate staff member for review. The automated distribution of discrepancy items for review is based on a
sophisticated business rules engine that is configured according to
individual company requirements. Once
invoices have been verified and completed for payment, they are exported
to the back-end ERP or accounting system for posting and easy access.
J&B’s AR automation solution reduces manual processing, increases
transparency and automates workflow so staff can focus on error and
exception handling. The solution consolidates payments and remittance documentation from a
variety of complex paper and electronic input channels into a single
portal. The captured data is then verified against existing ERP payment
data with an advanced cash application rules engine that decreases
manual processing and helps avoid errors such as misapplied payments.
After data has been verified or exceptions have been resolved, the
system transfers the applied cash and associated transaction for posting
by single or multiple ERP or back-end systems.