Press Releases

WAUSAU Selected for Web-Based Remote Corporate Capture Strategy over Incumbents in Five of Top Fifty Largest Banks

Mosinee, WI - 08/09/2007 Since March of 2007, WAUSAU, the industry leader in Remote Corporate Capture, has been selected to replace incumbents as the web-based remote capture strategy at five of the top 50 largest banks, expanding its customer portfolio with significant competitive replacement business.

As financial institutions continue to evolve their Remote Corporate Capture strategies, shifting from their original PC-based solution to a web-based strategy, more are turning to WAUSAU for a proven next generation solution. WAUSAU was named “Best of Breed” among Remote Corporate Capture solutions by Celent, the Boston-based analyst group.

The latest release of WebDDL® offers financial institutions the ability to generate significant revenue by extending their remittance services. The strength of WAUSAU’s holistic Remote Corporate Capture vision and integrated platform provides the ability to offer solutions to a wide breadth of markets, including customer deposits, consumer and business-to-business payments and “white label” correspondent bank services.

“The significant number of web-based Remote Corporate Capture wins WAUSAU has earned over incumbents to date in 2007 speaks clearly to the confidence of our new and existing customers,” said Nancy Langer, President - Enterprise Financial Solutions for WAUSAU. “At WAUSAU, we offer the most advanced and experienced enterprise payment solutions, designed to fit the needs of all customers across diverse industries and business sizes.”

WAUSAU’s web-based Remote Corporate Capture offering boasts a scalable architecture that is easy to deploy to meet market demands. The market-leading solution also includes cutting-edge web-based training capabilities and full turn-key scanner deployment services.

In its recently released report, “Remote Deposit Capture Vendors: Crossing the Chasm,” Celent, a respected industry analyst group, cited WAUSAU as the overall performance leader, based on its advanced technology and breadth of features categories.

“A significant number of large banks who were early to market with a remote deposit capture solution are now considering their long-term direction. These institutions have proven to be sophisticated evaluators with real-life remote capture experiences, which has helped them to refine their long-term business needs and objectives,” said Steve Buchberger, Senior Vice President - Solutions Management for WAUSAU.

“Many financial institutions have a diverse set of customers with varied needs and are discovering market opportunities across all customer types, from small businesses to the large corporations with complex B2B payments. With these growing opportunities, there is an increased emphasis on ease of deployment and support, as well as scalability. We are pleased to emerge from these evaluations as the go-forward platform of choice for a growing number of large institutions,” Buchberger said.

About WAUSAU
WAUSAU is a premier provider of payment and remittance processing solutions, serving 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.