NEW YORK, Nov. 13, 2007 (PRIME NEWSWIRE) -- Viewpointe (www.viewpointe.com), the nation's leading provider of check image exchange and archive services, was ranked number 67 on the elite FinTech 100 list, issued by American Banker and Financial Insights. This marks the second consecutive year that Viewpointe has taken its place among the top technology service providers for the financial services market.
The influential FinTech 100 includes technology vendors that derive more than one-third of their revenue from the financial services industry. Through its suite of innovative check image exchange solutions and archive services, including the largest check image archive, Viewpointe has helped banks rapidly transform their paper-intensive check payment operations into streamlined electronic processes.
"We're extremely proud to be included once more in the prestigious FinTech 100 and have our exceptional customers to thank for this honor," said Lou Buglioli, Viewpointe CEO. "This recognition underscores our commitment to help lead the industry to full electronification and, ultimately, to the many benefits of payments convergence. We look forward to continuing to drive payments innovation."
This year has been one of outstanding progress for Viewpointe, with the company welcoming several new customers and achieving several milestones:
* The volume of check images in the Viewpointe archive surpassed 100 billion in May 2007, making Viewpointe's archive the largest in the world. By November, the number of images in the archive had grown to more than 112 billion. At this pace, the archive should double in size to 200 billion images by 2010. These milestones underscore Viewpointe's leadership position in driving the industry toward full check electronification. * The company had unprecedented annual growth of nearly 502% in checks cleared via image share and exchange. * Viewpointe customers continue to maintain one of the lowest rates of substitute checks in the industry. * Viewpointe's "Get Connected" campaign has helped encourage the electronification of the check payments process throughout the industry.
The FinTech 100 rankings, now in their fourth year, are a collaboration of American Banker and the research firm Financial Insights, an IDC Company. Financial Insights and American Banker conduct a research effort that examines both vertical market providers and horizontal technology providers. Candidates are judged for the type of offering, quality of revenue and total percent penetration within the financial services industry. This year saw a record in the number of companies applying for the prestigious rankings, with more than 400 responding to the questionnaire.
A complete listing of the FinTech 100 rankings and commentary are available at http://www.americanbanker.com/fintech100.html
About Viewpointe
Viewpointe is a leading provider of check image and Check 21-related services to the nation's top financial institutions. Viewpointe operates the largest national archive of check images and information and is the only institution able to provide image exchange on demand through ImageShare and bank-to-bank image exchange through Pointe2Pointe. Viewpointe customers include: BancorpSouth, Inc., Bank of America, BB&T, Compass, Endpoint Exchange, First Horizon National Corp., Fiserv, Inc, Cullen/Frost Bankers, Inc., Harris Bank, HSBC Bank USA, J.P. Morgan Chase & Co., National City Corporation, SunTrust Bank, Synovus Financial Corp., U.S. Bancorp, Wells Fargo and Zions Bancorporation. Viewpointe was named to the prestigious FinTech 100 list in 2006 and 2007. For more information about Viewpointe and its services, please visit www.viewpointe.com.
The Viewpointe Archive Services LLC logo is available at http://www.primenewswire.com/newsroom/prs/?pkgid=3076