St. Louis-based Roosevelt Bank has entered an agreement with Electronic Data Systems Corp., Plano, Tex., for item processing and back-office services, including item capture, exception item processing, lockbox, statement rendition, and print services.
With $3.3 billion in assets, Roosevelt operates 35 full-service offices in Missouri and Illinois.
Firstbank of Ill.
Chooses Fiserv
Fiserv Inc., Milwaukee, signed a number of new contracts.
Firstbank of Illinois County, a $1.5 billion-asset bank holding company based in Springfield, Ill., will install Fiserv's comprehensive banking system. Running on IBM's AS/400 midrange computers, the system provides customer relationship management, deposit and loan accounting, and financial accounting and reporting.
Bancahsa, a commercial bank in Tegucigalpa, Honduras, signed an agreement to install the Spanish version of the retail banking system.
Microbilt Signs
With a Retailer
Microbilt, a subsidiary of First Financial Management Corp. in Atlanta, signed a contract with Service Merchandise Co., Nashville, for an electronic payment system. The system will electronically capture signatures and process checks and credit cards. It will work in conjunction with Nabanco, another subsidiary of First Financial Management Corp., to provide chargeback processing and fraud protection.
M&I Date to Buy
Unit of Barnett
M&I Data Services Inc. has agreed to acquire Barnett Banks' Tampa, Fla.-based correspondent data processing business, Financial Processors Inc. The company is an affiliate of Barnett Technologies Inc., the information technologies subsidiary of Barnett Banks Inc., based in Jacksonville, Fla.
M&I will assume responsibility for all current contracts, equipment, and 160 employees. M&I plans to continue operating item processing centers in Tampa and Miami.
Financial Processors has been in the data processing business for more than 30 years. Its customers are located in the Southeast, primarily Florida and Georgia. M&I is the developer of most of the software that Financial Processors has been using.
M&I Data Services is a wholly owned affiliate of the Marshall & Ilsley Corp., a $7.8 billion-asset bank holding company. Both are based in Milwaukee.
Soricon Snares
Deal in the U.K.
Soricon Corp. received a $3 million purchase order to supply its check and document readers to a U.K. distributor, Advanced Recognition Ltd.
Deliveries will begin in the third quarter of 1993 and are expected to be completed by the end of the second quarter of 1994.
Based in Boulder, Colo., Soricon's primary markets are point of sale check verification for retailers and check and document processing for financial institutions.
Unisys to Equip
Hungarian Bank
The National Savings Bank of Hungary, Orszagos Takarekpenztar, and Unisys World Trade Corp. signed a $57 million contract for an integrated banking system. A Unisys spokesman said it was the largest computing contract ever awarded in Hungary.
Established in 1949 as a state financial institution for consumer banking, the Budapest-based bank is the largest in Hungary, controlling about one-third of the total assets in the country and handling 70% of retail savings and 90% of retail loans.
Based in England, Unisys World Trade Corp. is a subsidiary of Unisys Europe Africa Division.
The banking system includes branch automation applications and production and backup processors. Unisys will also provide product management, training, customization, and branch rollout support. Over 45% of the contract value relates to software and services.
FIS and CCS to Provide
Card Data Processing
Florida Informanagement Services Inc., Orlando, and CCS Technology Group Inc., Maitland, Fla., have been selected to provide data processing for a credit card program offered by The Associates, a $24 billion financial services company located in Dallas.
