SAO PAULO, BRAZIL and MOSINEE, WI--(Marketwired - Jun 4, 2014) - WAUSAU Financial Systems, the provider of best-of-breed financial technology, services and solutions, is proud to announce Panini Limitada as the exclusive reseller for their Deposit 24/7 Suite™ in the Brazilian and Latin American markets.
This advanced remote deposit capture (RDC) suite will be marketed by Panini Limitada in conjunction with a full range of distributed check capture platforms and services, allowing Panini to offer customers a total check truncation solution with a range of deployment options.
"Combining Panini's innovative check capture capabilities with WAUSAU's dynamic Deposit 24/7 Suite will allow our RDC customers to take advantage of the cost savings and business benefits associated with remote deposit," said Rodrigo Assis, Panini Limitada Sales Director.
Deposit 24/7 is a comprehensive solution that includes merchant, consumer and mobile capture points, and allows convenient and, most importantly, secure check deposit from any authorized location. WAUSAU's risk monitoring module includes components such as duplicate detection, velocity and amount limits and comprehensive image analytics that allows institutions and their risk management teams to better monitor and control risks. The tight integration with Panini's market leading portfolio of scanners will position both companies for commercial success in Latin American markets.
"WAUSAU and Panini have partnered together for many years to deliver a holistic, proven RDC solution," said Steve Buchberger, senior vice president, WAUSAU Financial Systems. "We're excited about this opportunity to extend our combined expertise into the Latin American market where there is great growth potential for RDC."
Panini will be showcasing WAUSAU's Deposit 24/7 Suite at CIAB FEBRABAN 2014 -- one of the world's largest financial services events -- at the Transamerica Convention Center, São Paulo, Brazil, June 4-6. Panini will be exhibiting in Booth S of Espaço Emprendedor.
About Panini
Founded in Turin, Italy, Panini has enabled clients to capitalize on shifts in the global payments processing market for more than sixty years. Panini has a rich history of technology innovation, leveraging the company's expertise in research & development. Panini's market leading solutions are based on state-of-the-art engineering resources and ISO-9001 quality certified production. Panini offers check capture solutions that enable customers to fully realize the advantages and efficiencies available with the digital transformation of the paper check, resulting in the world's largest deployed base of check capture systems, now approaching one million devices. Panini's scalable check capture solutions address the complete range of distributed check processing opportunities including teller capture, back-counter capture, remote deposit capture and remittance processing. The company provides solutions on a global basis, and has direct subsidiary operations in the United States covering North America and in Brazil covering Latin American markets. For more information visit www.panini.com.
About WAUSAU Financial Systems
WAUSAU is a catalyst for results. Partnering with industry-leading financial institutions and corporations to reduce cost and strengthen their competitive market position, WAUSAU is recognized for consistently delivering best-of-breed financial technology, services and solutions that integrate receivables, accelerate deposits and payments, and eliminate paper. To meet clients' needs, WAUSAU offers flexible delivery options -- whether installed in-house, outsourced, co-sourced or in the cloud. Because of WAUSAU's deep domain knowledge and experience, the company understands customers' challenges and tailors its solutions and services to ensure they have a competitive edge. That's why 20 of the 25 largest financial institutions and thousands of other leading organizations depend on WAUSAU. Because results matter.