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Friday, July 23, 2010

Commerce Bank adds Viewpointe Pointe2Pointe solution

Commerce Bank has become a user of Viewpointe's Pointe2Pointe solution with Internet connectivity customer. Commerce Bank, headquartered in Missouri with branches in five states in the Central United States, joins the Viewpointe exchange for check image exchange transfers.

Commerce Bank is the latest institution to join Viewpointe’s growing Pointe2Pointe network since its launch two years ago.

Implementing Pointe2Pointe with Internet connectivity allows Commerce Bank to conduct check image exchange more efficiently and cost effectively. The service provides a safe, simple and secure platform to connect with other exchange partners by leveraging commonly used file transfer software. Designed as a solution for financial institutions with midsize exchange activity, the offering helps institutions meet their business goals of expanded services to customers.

Mike Spafford, senior vice president Commerce Bank said “We are always looking for the best technology offerings to help us improve our processes and better serve our customers. Viewpointe’s Pointe2Pointe with Internet connectivity is a very good fit for us in terms of scale and level of service for our business and we believe that Viewpointe will help us meet our customers’ needs.”

Pointe2Pointe enables financial institutions to safely send and receive electronic check images between Viewpointe customers, eliminating the time and expense associated with paper transfers.

“Through Viewpointe’s Pointe2Pointe with Internet connectivity, Commerce Bank can streamline existing check processing procedures and reach a significant percentage of the banks with which it exchanges digital checks,” said Glenn Wheeler, President, Viewpointe Clearing, Settlement & Association Services. “We are very pleased that this respected institution has selected Viewpointe for this essential activity.”

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