IVI Checkmate Corp. a leading North American electronic payments solutions provider today announced an initial order for $1.1 million from Bank of America for its e(N)-Check 430 check reader. Bank of America, who recently merged with NationsBank, will install the check readers in its branches throughout California.
Greg Lewis, President and CEO of IVI Checkmate’s U.S. Operations, stated, “Bank of America’s selection of IVI Checkmate as their partner in teller window check processing is a tribute to our leadership in customer payment solutions. The e(N)-Check 430 has become the industry’s leading check reader as a result of its superior reliability, outstanding read accuracy and exceptional fraud detection. These attributes combine to reduce our customers operating costs while enhancing their client service.” Lewis adds, “This agreement builds upon our success in branch automation, a growth market segment for IVI Checkmate.”
Bank of America, with approximately $600 billion in total assets, is the largest bank in the U.S., with full-service consumer and commercial operations in 22 states and the District of Columbia. Bank of America provides financial products and services to 30 million households and two million businesses, as well as providing international corporate financial services for business transactions in 190 countries. Bank of America (NYSE: BAC) stock is listed on the New York, Pacific, London, and Tokyo stock exchanges.
IVI Checkmate is the third largest electronic payment solutions provider in North America. IVI Checkmate is a full-service solutions provider in the U.S., Canada, and Latin America serving the retail, financial, hospitality, banking, healthcare and transportation industries. With offices in the U.S. and Canada as well as established strategic alliances and worldwide partnerships, IVI Checkmate is well positioned to deliver leading products and global technologies to its customers.Details