Glastonbury, Connecticut – (The Hosting News) – September 25, 2006 – Web host and integrated enabling financial technologies firm, Open Solutions Inc., and enterprise printing solutions firm, Rosetta Technologies Corporation, will partner to provide enhanced software and MICR laser printers for the management of image replacement documents, in connection with the new Check 21 initiative.
Rob Hullar, President of Rosetta Technologies noted, ”This relationship is unique in that Open Solutions is not only going to resell Rosetta Technologies solutions in a traditional value-added reseller capacity, but Open Solutions is already an end-user of our IRDPrint (TM) solutions in their item processing sites. We believe Open Solutions is a powerful business partner and they have demonstrated a proven ability to leverage this type of relationship to offer the market solutions both as a value-added integrator and as a service provider for its clients who choose to outsource item processing to them.”
With the addition of the Rosetta Technologies functionality to Open Solutions’ imaging and item processing product mix, banks and credit unions processing items in-house can print cash letter and IRDs, believed to give Open Solutions’ clients the best of either alternative.
Mark Ryan, Vice President and General Manager of Open Solutions Imaged Payment Technologies observed, ”Imaging has the power to dramatically reduce operating expenses for community financial institutions. Institutions have to be advanced enough to leverage image solutions to reduce cost, improve quality and service. Yet they have to be flexible enough to process paper, data and images. Open Solutions offers our clients the options they need to clear items – via paper or electronically – no matter what stage of technological evolution an institution may be in.”
Mike Nicastro, Chief Marketing Officer of Open Solutions’ SVP added, ”Check 21 is changing long-standing operational strategies within our industry. For those clients looking to stay in front of the competition, our products, services and partnerships give them that choice. Our relationship with Rosetta Technologies allows our clients the opportunity to move even further into the electronic payments world. We believe our technology offers community financial institutions the options and the confidence to adopt new strategies and product offerings at their own pace.”
Rosetta Technologies Corporation has been developing MICR printing solutions since the early 1990s. As a total solution firm for enterprise check printing, the Company delivers a full-service product set for business-critical applications such as check printing and secure documents. The Company’s offerings include a complete family of MICR laser printers from 37 to 276 IRDs-per-minute engineered by Rosetta Technologies for ANSI compliant MICR output, software packages for electronic document creation, output management and disbursement, post processing equipment, supplies, and electronic document creation services.
Open Solutions is a provider of integrated enabling technologies for financial services providers across the United States, Canada and international markets. The credit union, which has 17 branches and more than 280,000 members, serves employees of Eastman Kodak Company, Wegmans Food Markets and other companies in the Rochester, N.Y. area. Open Solutions Inc. offers a product platform designed to integrate core data processing applications built on a single centralized Oracle relational database, with Internet banking, cash management, CRM/business intelligence, financial accounting tools, imaging, Check 21, interactive voice response, network services, web hosting and design, and payment and loan origination solutions. Open Solutions’ full suite of products and provides services to banks, thrifts and credit unions in the United States and Canada.
To learn more about Rosetta Technologies, please visit: www.rosettatechnologies.com.
For more information about Open Solutions, please visit: www.opensolutions.com.