ONE-PASS system to deliver 25-30 percent reduction in operating costs

Enhanced Processing Technologies Inc (EPT), a joint venture between Australia and New Zealand Banking Group Limited and KAZ Group Limited will officially launch the ONE-PASS system at the Bank Administration Institutes Retail Delivery Conference & Expo (BAI) in New Orleans on November 18-20, 2003. The system, which supports a single pass process for image enabled "Proof of Deposit" check processing is expected to bring a 25-30 percent reduction in the operating costs compared with other systems. Australia and New Zealand Bank (ANZ) With total assets of AUD 177 billion, ANZ is also one of the worlds 100 largest banks. ANZ is represented in its primary markets of Australia and New Zealand as well as Asia, the Pacific, UK/Europe and the United States. Its businesses are: personal banking and wealth management, mortgages, small to medium business, consumer finance including credit cards, corporate banking, institutional banking, investment banking, global transaction services including international payments and trade finance, foreign exchange, global capital markets, global structured finance, corporate financing and advisory, and asset finance comprising Esanda in Australia and UDC in New Zealand.