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SOLUTRAN PARTNERS WITH WAUSAU TO DELIVER REMOTE CORPORATE CAPTURE SOLUTIONS TO HIGH-VOLUME RETAIL MARKET

Solutran to Offer WAUSAU’s “Best of Breed” Solution Suite to Retail Customers
 

Minneapolis – (October 16, 2006) – WAUSAU, the leading provider of distributed payment and document processing solutions, has entered into a strategic partnership with Solutran, a national leader in depository, disbursement and return processing services of checks and payment transactions, to offer WAUSAU’s industry-leading Remote Corporate Capture solutions to its clients, many of whom are leading nationwide retailers. 

WAUSAU’s Remote Corporate Capture solution was recently named “Best of Breed” among remote deposit capture (RDC) solutions by Celent, the respected Boston-based industry analyst group, in its July, 2006 analysis of RDC vendors, and was cited as the overall performance leader, based on advanced technology and breadth of features categories.  The WAUSAU Remote Corporate Capture suite for payments and deposits includes PC-based, web-based, lockbox and ASP offerings.

Solutran has already deployed WAUSAU’s Remote Corporate Capture solution to several clients, with some sites using the software to capture thousands of check images daily at their locations and transmit these images to Solutran for quicker item processing and funds transfer.  Solutran offers a full range of transaction processing services for its customers to deliver enhanced efficiency and cost effectiveness. 

The WAUSAU Remote Corporate Capture solution also delivers Solutran and its customers the opportunity to take advantage of check-to-ACH conversion capabilities such as Accounts Receivable Conversion (ARC) and Back Office Conversion (BOC).  BOC, which NACHA approved for implementation in March 2007, allows originators, such as retailers, the opportunity to accept checks at the point of purchase or a manned bill payment location and convert those checks to ACH debits during back office processing.  In turn, speeding money movement to increase funds availability for retailers, financial institutions, corporations and others.

“The addition of WAUSAU’s Remote Corporate Capture solution to our suite of payment services truly enhances the depth of offerings to our customers,” said Barry Nordstrand, Solutran President & CEO.  “The market is demanding remote capture capabilities, and the depth and breadth of the WAUSAU solution functionality provides Solutran with this added distributed capture dimension for our customers.”

The Celent report on Remote Deposit Capture demonstrated WAUSAU’s leadership in RDC functionality, citing its combination of multiple strong client application options, its capabilities for both wholesale and retail lockbox integration and its robust, Web-based entitlements, administration, risk management and reporting in deeming WAUSAU’s RDC “the most capable solution available.”

“The robust functionality of WAUSAU’s Remote Corporate Capture solution provides the capabilities for Solutran’s customers to confidently and securely take advantage of the opportunities that the distributed capture of check images offers,” said Nancy Langer, President - Payment Solutions for WAUSAU.  “We are excited about the opportunities that this new partnership with Solutran offers WAUSAU to extend our Remote Corporate Capture leadership into the retail market.”

About Solutran

For over 20 years, Solutran has provided a full range of treasury management solutions to corporations and financial institutions.  Solutran's customized solutions span the payment spectrum, from paper check processing and conversion to fully electronic payment processing.  Services offered include depository processing, accounts receivable truncation, controlled disbursement services and returned check management and conversion services.  Headquartered in Minneapolis, Solutran maintains relationships with ten affiliate-processing centers across the United States and Canada.  For more information, visit Solutran’s website at www.solutran.com.

About WAUSAU

WAUSAU is a premier provider of payment and remittance processing solutions.  Wausau serves businesses of all types to develop strategies that move money faster.  With its products, services and consulting, WAUSAU works with customers to speed check processing, electronic presentment, ACH payments, transaction processing, distributed capture and enterprise content management.  WAUSAU’s innovative solutions provide results for a wide range of organizations including financial institutions, insurance companies, utilities, retail businesses and governmental agencies.  Find more information about WAUSAU at www.wausaufs.com.

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