Unisys Extends Payments Outsourcing Agreement with BankWest

Wednesday 13 October 2004 15:52 CET | News

Unisys Payment Services Limited (UPSL), has been awarded a five-year business process outsourcing contract by BankWest, a full service bank operating across Australia.

Under the terms of the deal, UPSL will provide outsourced cheque processing and image archiving services to BankWest. The outsourcing of back-office processes to UPSL enables BankWest to divert a greater proportion of internal IT and management resources to areas of its business that deliver revenue growth and competitive advantage. The deal represents an extension of an existing agreement between the two companies and reinforces the leadership role that Unisys plays in business process outsourcing in Australia and around the world. UPSL delivers large-scale business process outsourcing services to clients in Australia and across Asia-Pacific. The Unisys subsidiary seeks to add value to its clients operations by managing mission-critical processes that do not differentiate clients in the marketplace. It reduces unit costs for these clients by aggregating transaction volume within a secure business process utility. Unisys operates Australias largest cheque archive; it handles 37% of Australias total cheque volume with a daily clearing value of about A$2 billion (approximately US$1.5 billion). The company provides financial transaction processing, lockbox, clearing and settlement services to institutions in financial services and other industry sectors. BankWest first outsourced its cheque payment and image archiving processes in 1999. Headquartered in Perth, BankWest is active in all market segments. BankWest handles about one quarter of all bank advances and deposits in Western Australia. Nearly 660,000 customers are served through an extensive network of branches, neighbourhood banks, agencies and electronic banking facilities, as well as 24-hour telephone and Internet banking services.

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Categories: Payments & Commerce | Payments General
Countries: World
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