IPS is a leading provider of official checks and money orders to the financial industry. It issues over $350 billion in payment instruments a year for thousands of financial institutions and retailers across the country.
The new system will expedite and facilitate reconciliation and detection of errors and fraud. IPS will scan, index and archive the check images and transmit to its customers a report on items received. The customer will reconcile the items and return an exception list to IPS, which will pull extract images of questionable items and present them for further review and reconciliation by the customer. When fully operational, the system will archive up to 2,000,000 check images a day and store them for seven years, replacing microfilm.
"This facility will handle all aspects of check retrieval and presentation from research to transit," said Jack Calabrese, senior vice president at IPS. "It enables us to cost-effectively provide better service to our customers and presents new business opportunities as well. The Mobius implementation was completed on time, on budget and met expectations," Calabrese added.
Mobius Management Systems, Inc. is represented by Bateleur Software Solutions (Pty) Ltd in Southern Africa.
Mobius Management Systems, Inc. (NASDAQ: MOBI) is a leading provider of enterprise-wide Electronic Document Warehouse solutions in support of improved customer service and productivity. Founded in 1981, the company develops and markets a complete family of software products to index, archive, retrieve, present, and analyze large volumes of mission-critical corporate information. Mobius products are used by more than 1,200 organizations world wide, including banks, insurance companies, financial services providers, and telecommunications companies. More than half of the Fortune 100 companies use Mobius software.
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