NEW YORK, June 10, 2008 (PRIME NEWSWIRE) -- Viewpointe(r), a leading provider of check image exchange and archive services, today issued its year-to-date statistics on image exchange and ImageShare(tm) volume and its year-over-year growth. The company also continued to support the adoption of check electronification and exchange through its involvement and participation in major industry events. In the first quarter, Viewpointe executives have been featured speakers at BAI TransPay, TAWPI Payments in Transition and NACHA Payments 2008 and are slated to speak at many more industry conferences this year.
"In 2008, Viewpointe is redoubling its commitment to engage customers and the industry at large in the productive exchange of ideas about the issues we face in today's changing payments landscape," said Lou Buglioli, Viewpointe's CEO. "As the industry continues to change and evolve, this kind of interchange among peers becomes more and more important."
IMAGE EXCHANGE / IMAGESHARE
Viewpointe's image exchange and ImageShare volumes continue to grow, with a total of 1.29 billion images shared in the first five months of 2008 alone, compared with 836 million for the same period of 2007. In all of 2007, 2.4 billion images were exchanged / shared via Viewpointe, a 326% increase over 2006.
MONTHLY VOLUMES (IN MILLIONS)
2007 2008 Increase
January 149 249 67%
February 140 237 69%
March 174 258 48%
April 178 276 55%
May 195 269 38%
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Total 836 1,289 54%
A file archive graphic of the chart is available at http://media.primezone.com/cache/7675/file/5737.pdf
THE VIEWPOINTE ARCHIVE
The Viewpointe archive is among the world's largest storage environments, storing more than 123.4 billion check images at the end of May 2008. This is the rough equivalent of 800 copies of the Library of Congress.
VIEWPOINTE NEWS
Viewpointe was very active in the news in the first quarter, kicking off the year with the announcement that Fiserv would become a user of the Viewpointe archive. The company also announced that Bremer Bank and Fifth Third signed on to become Viewpointe image exchange customers using the company's Pointe2Pointe(r) solution. Additionally, the announcement of its Viewpointe Image Integrity(tm) product at BAI TransPay earlier this year was well received and was a hot topic of discussion at the conference. Click on Viewpointe's most recent news here:
Fifth Third Bank Joins Viewpointe's Check Image Exchange Network http://viewpointe.com/Show_News.aspx?n_id=140 Viewpointe Introduces Viewpointe Image Integrity Risk Mitigation Tool to Foster Trust in Image Exchange http://viewpointe.com/Show_News.aspx?n_id=138 Bremer Bank to Begin Image Exchange with Viewpointe's Pointe2Pointe Solution http://www.viewpointe.com/Show_News.aspx?n_id=136 Fiserv to Become Viewpointe Archive User to Drive Further Check Electronification http://www.viewpointe.com/Show_News.aspx?n_id=134
VIEWPOINTE WHITEPAPERS
As the industry continues its rapid adoption of check electronification and exchange, those institutions that have not yet become involved risk compromising their competitive position in the market. A recently released Viewpointe whitepaper entitled Eight Steps to Image Exchange provides some good news about how quickly and smoothly financial institutions can "get connected" with image exchange. The concise whitepaper features some straight-forward "how-to's" for financial institutions seeking to get started. Download the whitepaper at http://www.viewpointe.com/files/ImageExchangeWhitepaper_Final.pdf.
Later this summer, keep an eye out for a Financial Insights whitepaper sponsored by Viewpointe exploring the key factors financial institutions consider in deciding whether to maintain an in-house image archive or outsource their archive services needs. The whitepaper will include new findings from one of the industry's top research firms.
VIEWPOINTE INDUSTRY EVENT PARTICIPATION
Viewpointe stepped up its industry involvement in the 2008, with its executives and customers speaking at numerous industry conferences, including BAI TransPay, TAWPI Payments in Transition and NACHA Payments 2008, in which the ECC Newsletter dubbed the Viewpointe session as one "you can't afford to miss." Upcoming events for Viewpointe include:
* Electronic Check Council, Council MEGA Meeting: June 17-19, Baltimore, MD Kerry Atha presents, "Image Integrity: Managing Risk in a Changing Payments Environment." * NY Float Roundtable: June 19-20, Brooklyn, NY Viewpointe's Neil Steinhardt will be part of a panel addressing the trends in check electronification and image exchange from a service provider's perspective. * Global Concepts Check Forum: July 15-17, Palm Beach, FL Viewpointe's Director of Product Management Kerry Atha and U.S. Bank's Keith Powers will provide an overview on the industry needs surrounding image integrity. Additionally, Perry Bailey-Kopp will present SunTrust's perspective relative to this capability during this panel presentation.
ABOUT VIEWPOINTE
Viewpointe(r) is a leading provider of check image exchange and archive services to 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(tm) and bank-to-bank image exchange through Pointe2Pointe(r). In 2006 and 2007, Viewpointe was one of the youngest companies named to the prestigious FinTech 100 surveys. Viewpointe clients include: BancorpSouth, Inc., Bank of America, BB&T, Bremer Financial Corporation, Colonial Bank, Compass, Fifth Third, 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. Industry connections include Federal Reserve Financial Services and PaymentsNation via Endpoint Exchange. For more information about Viewpointe, please visit http://www.viewpointe.com/.
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