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GardaWorld Partners with WAUSAU Financial Systems to Expand Vault Check Capture Services
1. GardaWorld Partners with WAUSAU Financial Systems to
Expand Vault Check Capture Services
MOSINEE, Wis.--(BUSINESS WIRE)--WAUSAU Financial Systems, a provider of best-in-class
financial technology, services and solutions, and recently acquired by Deluxe Corporation, today
announced an expanded partnership with GardaWorld, the largest privately-owned business
solutions and security services company in the world. WAUSAU provides GardaWorld with its Vault
Check Capture services, enabling GardaWorld to process bank and retail customer deposits at its
more than 100 locations across the nation. This one-of-a-kind, large-capacity, ultra- high-speed
imaging capability is in addition to GardaWorld's existing cash processing service.
Among GardaWorld's service offerings, which include processing cash for America's largest financial
institutions, it also provides secure transportation to collect cash from multiple business locations to
be processed in a local vault. With Vault Check Capture, GardaWorld can also pick up checks to
transport to the vaults, where they are processed along with cash. The checks are keyed, balanced
and adjusted if necessary, ensuring the entire deposit is fully prepared to be cleared and posted
upon arrival at the bank.
Today, large banks routinely work with check, cash, debit and credit card volumes reaching millions
of items each month. Banks are turning to providers like GardaWorld for cost effective outsourced
solutions like bundled offering of check and cash vault deposit capture with locations throughout the
United States in order to better handle this increasing volume of options.
"Our banking partners have long sought ways to shed excess costs and focus on their core
offerings," said Steve Buchberger, senior vice president of strategy and alliances at WAUSAU
Financial Systems. "Now, there's a demand for a scalable, outsourced solution, allowing banks to
process cash and checks in one environment."
The GardaWorld and WAUSAU partnership provides both check processing capture centers
throughout the United States with centralized aggregation of the balanced deposits for transmission
to the bank. Depending on the check volume at any one location, the expanded solution offers the
use of a range of scanning devices from desktop scanning to large high-speed check scanners.
The solution benefits both financial institutions and businesses in payments-rich industries such as
retail or service businesses. Businesses can now outsource their cash and check deposit capture and
have better funds availability. This eliminates the need to process paper checks in-house and moves
it to a variable cost model, thus saving money and time. Financial institutions can provide their
business customers increased convenience, enhanced security, exception handling and faster
available funds without a significant capital investment, resulting in increased revenue and
improved customer relationships.
"Partnering with WAUSAU has enabled us to expand our services, and in turn, our financial
institution customers can provide a more holistic offering to their clients including cash and check
deposit capture," said Bruce Kayal, co-head, sales, GardaWorld. "This is an industry changing effort
and an exciting opportunity for us and for the entire cash vault market. Through this
partnership, we're now providing FinTech check deposit capture services to eight of the 10 largest
U.S. financial institutions and have become one of the largest check processors in the country."
2. To learn more about WAUSAU and GardaWorld's solution, visit booth #401 at AFP Nov. 2-5.
About WAUSAU Financial Systems
WAUSAU is part of the Deluxe Corporation. Partnering with industry-leading financial institutions
and corporations to reduce cost and strengthen their competitive market position, WAUSAU is
recognized for consistently delivering best-of-breed financial technology, services and solutions that
integrate receivables, accelerate deposits and payments, and eliminate paper. To meet clients'
needs, WAUSAU offers flexible delivery options- whether installed in-house, outsourced, co-sourced
or in the cloud. Because of WAUSAU's deep domain knowledge and experience, the company
understands customers' challenges and tailors its solutions and services to ensure they have a
competitive edge. That's why thousands of companies, including 13 of the 25 largest financial
institutions and more than 50 Fortune 500 organizations depend on WAUSAU. Because results
matter. For more information, visit www.wausaufs.com,
www.linkedin.com/company/wausau-financial-systems or www.twitter.com/WAUSAU_FS.
ABOUT DELUXE CORPORATION
Deluxe is a growth engine for small businesses and financial institutions. More than 4.5 million small
business customers access Deluxe's wide range of products and services, including customized
checks and forms, as well as website development and hosting, email marketing, search engine
optimization and logo design. For our 5,500 financial institution customers, Deluxe offers industry-leading
programs in checks, customer acquisition, fraud prevention and profitability. Deluxe is also a
leading provider of checks and accessories sold directly to consumers. For more information, visit us
at www.deluxe.com, www.facebook.com/deluxecorp or www.twitter.com/deluxecorp.
About GardaWorld
Headquartered in Montreal, Canada, GardaWorld provides business solutions and security services
around the world. Our 45,000 highly trained, dedicated professionals serve clients throughout North
America, Latin America, Europe, Africa, Asia and the Middle East. GardaWorld works across a broad
range of sectors, including natural resources, retail, construction, telecommunications and
manufacturing, and on behalf of Fortune 500 companies, governments, NGOs and humanitarian
relief organizations. For more information, visit www.garda.com.