Trustmark to implement Central Source Capture solution from Fiserv
Nov 14, 2012 (Datamonitor via COMTEX) --
Fiserv, Inc., a provider of financial services technology solutions, has announced that Trustmark National Bank, a subsidiary of Trustmark Corporation, has decided to implement Central Source Capture from Fiserv, a web-based check capture and processing solution.
For Trustmark, this represents an investment, one that will enable the organization to replace its current, paper-based check processing system with a modern solution. This new system will automate all aspects of the item-processing operation, including capture, data perfection, electronic cash lettering, clearing settlements and outputs to posting and image archive.
The multi-year agreement expands a long-term relationship between Fiserv and Trustmark, which Trustmark cites as one of the key reasons for selecting Central Source Capture.
To minimize the risks often associated with a transition of this size, Trustmark and Fiserv worked together to identify a phased implementation approach. The first phase included deploying a centralized database for branch capture and placing image-enabled ATMs throughout Trustmark's branch system. The second phase will encompass replacing legacy check processing and cash lettering systems and eliminating sort patterns from legacy systems.
During the third phase, the legacy image exchange and external duplicate detection systems will be replaced. By using this phased approach, Trustmark will be able to perfect data in one database before passing files or processes to the new system.
Central Source Capture integrates with core account processing systems and remote capture applications to provide an end-to-end image-exchange workflow, regardless of the point of capture. This includes integration with the Fiserv suite of source capture solutions, which is made up of solutions such as Mobile Source Capture, A Source Capture, Branch Source Capture and Merchant Source Capture.
In addition to Central Source Capture, Trustmark has implemented A Source Capture to provide envelope-free check deposits at image ATMs Other Fiserv solutions used by Trustmark include ARP/SMS for account reconciliation and the Fiserv PEP+ Automated Clearing House processing platform.
"Migrating an entire item-processing operation is a significant undertaking, but we are confident that the implementation approach we have identified will make the transition virtually seamless," said Gary Brand, director, source capture solutions, Fiserv. "More importantly, once the implementation is complete, Trustmark will have a modern, innovative solution that will help them increase efficiencies now and into the future."
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