UPCOMING EVENTS
MAINE PUBLIC SERVICE GAINS INCREASED REMITTANCE FUNCTIONALITY FROM BANK UP CORPORATION
07/09/2010
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San Ramon, CA -July 8, 2010-Maine Public Service of Presque Isle, Maine, the electric power and services provider to Northern Maine, has chosen the FLEX RPS platform from Bank Up Corporation to process customer payments.
The FLEX RPS solution provided by Bank Up is a robust and well-proven in-house payment processing solution. The solution will provide Maine Public Service with the ability to capture, scan and image all remittance documents, send a Check 21 electronic cash letter deposit file to the utility’s bank, provide an online archive of all images captured and create an output file to upload into the utility’s accounting system. “We expect to see a major increase in functionality and productivity over our current solution”, said Michael A. Eaton, Maine Public Service VP of Information Technology. “We received great feedback from all the reference calls that we made to several existing FLEX customers.”
Maine Public Service represents the first new FLEX RPS customer since Bank Up Corporation acquired the platform from Open Solutions, Inc. earlier this year. “In addition to developing new business opportunities, we have been concentrating on assisting our recently-acquired customer base in upgrading their existing FLEX RPS platforms to incorporate Check 21 capabilities, replace legacy Panini transports with newer Check 21-compliant scanners, build in disaster recovery functionality into the system and assist in incorporating other forms of electronic payments such as credit cards, ACH and other online banking applications,” said Michael Santimauro, CEO of Bank Up Corporation. “We are honored to have Maine Public Service join a growing list of satisfied FLEX RPS remittance processing customers”.
About Bank Up Corporation
Bank Up Corporation is an integrated technology solutions and services provider to financial institutions and government agencies. Bank Up provides data backup/recovery solutions for item and remittance processing and data protection services. Bank Up also provides image-based item processing solutions offered remotely through the Company’s SAS 70 Level 2 ASPs in San Ramon and Los Angeles, CA. Remote Deposit Capture and Remittance/Lockbox services are available to those customers looking to implement “Best of Breed” total solutions that are fully managed and cost effective. Bank Up’s solutions insure business continuity, increase productivity, reduce operating costs and satisfy compliance requirements. Bank Up’s “relationships matter” philosophy insures the highest regard for customer service and satisfaction. For more information, call 925-277-3900.
OBSERVATIONS
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