Unisys Helps Make Huntington Bank Digital

Sunday 20 March 2005 18:54 CET | News

Unisys will help Huntington National Bank transform its payment operations to exchange digital images instead of paper, an industry trend encouraged by the Check 21 law that went into effect late last year.

The engagement includes consulting services, software and hardware to provide an end-to-end solution that enables Huntington to advance its payments transformation strategy. Unisys will help Huntington validate check image quality and clear and settle transactions with its image exchange software. Its image security software will also verify image quality and usability. This allows the bank to validate images with digital signatures at the first point in the process: the check transport system that captures the check electronically. An integral part of the Unisys solution is its payment information engine and archive for images and data that can track and use information more effectively across an entire financial institution. The engine is flexible and configurable, providing a more strategic view of best operating practices to deploy across a company to save costs. At Huntington, it runs on Microsofts Windows Server 2003 operating system and uses the SQL Server 2000 database application. The engine can access a variety of external systems and internal image databases and complete payment histories, allowing the bank to more effectively import, capture, store, manage and use transactional information. As a result, Unisys can help Huntington achieve greater cost and operational efficiencies in its transformation to image exchange. Using its 3D Blueprinting methodology , Unisys has worked with Huntington, as well as a number of top 10 U.S. banks, to help them better understand and address the transformation needed to capitalize on Check 21 and image exchange. As a result, Unisys consultants can help a bank move closer to becoming a 3D Visible Enterprise (3D-VE) - an organization that can see the impact of business decisions before they are made. Through its 3D-VE workshops, Unisys has identified more than 100 business processes potentially affected in preparation for payments transformation. The workshops help bank senior management analyze the gaps that exist in their current operations and better formulate a transformation strategy for their entire operations, including fraud detection, new product launches and other procedures. Unisys, which processes half the worlds checks through its payment solutions and outsourcing engagements, also recently announced that it is working with Oracle to adapt the Unisys payment information engine and archive for Oracle Database 10g. Future plans also include versions of the Unisys solutions for Linux to provide financial institutions with a robust enterprise view of payments, regardless of the technology platform.

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Categories: Payments & Commerce | Payments General
Countries: World
This article is part of category

Payments & Commerce