BLUE BELL, Pa. - Liberty Payment Services Inc. has selected Unisys Corp. as the solutions integrator and equipment provider for its new check processing facility.
According to terms of a $10 million deal, Unisys will provide project management, installation planning, maintenance, and support for check equipment at Liberty Payment's Louisville, Ky., facility, which is scheduled to open later this month.
Unisys will also install, certify and maintain the local area networks and client/server equipment required for other vendors' software solutions.
Liberty Payment is a recently formed check processing subsidiary of Liberty National Bank and Trust Co. The unit aims to provide efficient check processing to banks ranking in the top 800 nationwide.
"This Unisys solution enables Liberty Payment Services to fulfill its immediate mission of providing quick and economical turnaround to its clients nationwide, while continually expanding the scope and range of services we can deliver over the longer term," said Malcolm B. Chancey Jr., chairman of both Liberty and its parent, Banc One Kentucky Corp.
The advanced services planned by Liberty include electronic check presentment, which will allow electronic transmission of processed checks prior to their physical shipment to the paying banks.