VECTORsgi selected to build SVPCOs Gateway DTA

Tuesday 28 September 2004 17:06 CET | News

VECTORsgi and SVPCO, the electronic check processing business of The Clearing House Payments Company, have announced the development by VECTORsgi of the software for SVPCOs Gateway DTA (Distributed Traffic Agent).

The Gateway DTA will provide an additional access alternative to make it economically possible for regional and smaller depository financial institutions to send image exchange files through the SVPCO network. This is an expansion of the relationship between the two organizations, which began when VECTORsgi was selected from a field of top technology providers to develop the DTA for national financial institutions and service bureaus to access the national image exchange network. The SVPCO image exchange network allows financial institutions to exchange image files directly. SVPCO serves as the intermediary where summary information moves allowing for reporting and settlement. The Gateway DTA is ideally suited for lower volume participants such as regional financial institutions and community banks. The Gateway DTA opens the door for any size financial institution to participate in SVPCOs image exchange network by providing an additional access method. A single Gateway DTA can provide service to multiple financial institutions, which will reduce the cost incurred by a single financial institution. Unlike the DTA, which would be placed inside each of the participating large financial institutions, the Gateway system will be housed and operated by SVPCO. A Gateway customer will send a single file with a series of cash letters, each of which can be routed to a different destination.

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Categories: Payments & Commerce | Payments General
Countries: World
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Payments & Commerce


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