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FOR IMMEDIATE RELEASE
Contact:
Marvin (Mickey) Goldwasser
Open Solutions Inc.
860.652.3153
mgoldwasser@opensolutions.com
Clinton Savings Bank Selects Open
Solutions’
ABA-endorsed Imaged-based Item
Processing
- 156-year-old community bank
to streamline processing operations -
GLASTONBURY, Conn.,
July 30, 2008 – Clinton, Mass.-based Clinton Savings Bank
announced it has selected Open Solutions Inc.’s ® imaged-based item
processing solution, ISCheck, to streamline its check processing
operations. Open Solutions is a leading provider of integrated enabling
technologies for financial service providers across the United States, Canada and internationally.
Open Solutions’ image-enabled item processing system drives a
wide range of check-processing transports and streamlines a financial
institution’s operations. In addition, the solution optimizes
workflow, enhances business flexibility and generates fee income. Key
benefits include improved funds availability, faster client service and
greater abilities for institutions to retain more accounts and save on
monthly mailing costs.
“Open
Solutions provides customized imaging solutions that help financial institutions
achieve greater efficiency, profitability and competitiveness,”
said Tim Clewley, senior vice president and general manager, Imaged
Payment Technologies Group. “Banks can implement solutions to
provide the most cost efficient clearing path, provide unlimited access
to image archives, combat fraud or increase fee income. Additionally,
these solutions can be implemented, adjusted or added based on the
individual institution’s timeline. Whatever the objective, Open
Solutions has a solution that ensures the highest level of operational
success.”
Louis
Hernandez, Jr., Open Solutions’ chairman and CEO, said, “Open
Solutions understands the challenges community banks face today.
Based on our technology’s track record, the American Bankers
Association (ABA), through its subsidiary the Corporation for American
Banking (CAB), exclusively endorses our imaged-based item processing
system, ISCheck, as the recommended imaging solution for community
banks. At Open Solutions, we are committed to providing institutions like
Clinton Savings Bank with exceptional service and support, including
professional programs and services designed to help maximize the benefits
of our technologically advanced imaging solution.”
About Open
Solutions Inc.
Open Solutions Inc. offers a fully-featured strategic
information management product platform that integrates core data
processing applications built on a single, centralized Oracle relational
database with Internet banking, cash management, CRM/business
intelligence, financial accounting and management tools, profitability
tools, wealth management, imaging, digital documents, interactive voice
response, network services, HSAs, payments and loan origination
solutions.
Open Solutions’ full suite of products and
services allows banks, thrifts, credit unions and financial services
providers in the United States,
Canada
and internationally to better compete in today’s aggressive
financial services marketplace, and expand and tap their trusted
financial relationships, client affinity, community presence and
personalized service.
For more
information about Open Solutions or its financial product lines, contact
Mickey Goldwasser by email at mgoldwasser@opensolutions.com,
by phone at 860.652.3153 or via fax at 860.652.3156. Visit Open
Solutions’ Internet site at www.opensolutions.com.
Open
Solutions Inc. is a registered trademark of Open Solutions Inc. All
other company and product names may be trademarks of their respective
owners. Copyright 2008. Open Solutions Inc. All rights reserved.
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Editor’s Note: The correct usage of the company name, Open Solutions
Inc., is either referring to it as Open Solutions Inc. or Open Solutions.
Open Solutions no longer uses the acronym of OSI to refer to the company.
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Copyright ©2008 Open Solutions Inc. All rights
reserved.
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