Unisys Corporation Selects VSoft to Deliver Imaging Solutions, Full Truncation Abilities to Latin American Financial Institutions

Unisys Corporation, a long-time leader in providing payment solutions for financial institutions, has formed an alliance with VSoft Corporation, a global information and technology provider of process improvement solutions, to offer remote deposit capture solutions for check truncation to financial institutions throughout Latin America.

Unisys will deliver VSoft’s comprehensive suite of remote deposit capture solutions to enable organizations to capture, validate, process, archive and transmit check and document images from all points of presentment. The solutions help financial institutions accelerate internal processes, improve customer service and reduce paper traffic, eliminating the need for microfilm check reproductions.

Through the alliance Unisys will offer Latin American customers full check truncation abilities, equivalent to those permitted by the Check 21 Act in the U.S.

“Unisys is devoted to helping clients throughout the world improve operational efficiencies, increase productivity and gain peace of mind,” said Marcel Valverde, director of technology solutions for Unisys Latin America. “Our partnership with VSoft offers the financial institutions of Latin America sophisticated, easy to use and reliable solutions, helping them to increase security and agility while reducing operational costs.”

VSoft’s software integrates seamlessly with the current infrastructure of financial institutions of any size and ensures compliance with government regulations. VSoft will also provide its settlement and image exchange solutions to Unisys customers in Mexico, Puerto Rico, Costa Rica, Colombia, Brazil, Argentina, Chile, Uruguay and Peru, meeting the varying needs of each country’s market and regulatory requirements.

“Unisys shares in our goal to help organizations around the world improve competitiveness and drive growth,” said Murthy Veeraghanta, chairman and managing director of VSoft Corporation. “The company requires advanced, yet simple solutions to fit the financial markets, as well as the regulations of each country it serves. VSoft’s imaging solutions provide a dependable solution to Unisys’ progressive customers throughout Latin America.”

About VSoft Corporation

VSoft Corporation offers core and payment-processing solutions that improve service, reduce cost and maximize efficiency for financial institutions. Its solutions provide seamless, real-time, high-volume and high-performance transactions across multiple channels and can be delivered in–house, or as an outsourced ASP or SaaS model to best meet the needs of individual financial institutions.

VSoft’s services have been trusted by more than 1,900 banks, credit unions and savings institutions, as well as transaction processors, governments, utilities, telecommunications and retail organizations worldwide. The company’s growth and stability has been recognized by inclusion in the 2007, 2008 and 2009 Inc. 5000, the 2008 and 2009 Software 500, recognition as a Top 10 Fastest Growing Company in Atlanta in 2008 and a feature in Bank Technology News’ 9th Annual Innovator Awards for its core solution. For more information call 770-225-7692 or visit www.vsoftcorp.com.

About Unisys

Unisys is a worldwide information technology company. We provide a portfolio of IT services, software, and technology that solves critical problems for clients. We specialize in helping clients secure their operations, increase the efficiency and utilization of their data centers, enhance support to their end users and constituents, and modernize their enterprise applications. To provide these services and solutions, we bring together offerings and capabilities in outsourcing services, systems integration and consulting services, infrastructure services, maintenance services, and high-end server technology. With approximately 23,000 employees, Unisys serves commercial organizations and government agencies throughout the world. For more information, visit www.unisys.com.

Editor's Note: The correct usage of the company name, VSoft Corporation, is either referring to it as VSoft Corporation or VSoft, with both the "V" and the "S" capitalized.