October 2 – WAUSAU Financial System, the provider of best-in-breed financial technology, services and solutions, has announced it’s teaming with Cummins Allison to offer banks unprecedented ability to capture checks and cash using just one scanner. Clients using Deposit 24/7 remote deposit capture (RDC) solutions now can take advantage of the recently WAUSAU-certified, revolutionary JetScan iFX high speed currency and check scanner to streamline their remote capture process.
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March 11 – WAUSAU Financial Systems has announced Location Awareness, a new feature for its Risk Monitoring module, part of the Deposit 24/7 remote deposit capture (RDC) Suite. Location Awareness identifies where RDC deposits are captured and transmitted, allowing financial institutions to keep a pulse on suspicious activity.
Aug 15 – Following is a statement from Rose Oswald Poels, president/CEO of the Wisconsin Bankers Association regarding the closure of Bank of Wausau.
Aug 15 – Bank of Wausau, Wausau, Wis., has been closed by the Wisconsin Department of Financial Institutions, which appointed the FDIC as receiver. To protect the depositors, the FDIC entered into a purchase and assumption agreement with Nicolet National Bank, Green Bay, Wis., to assume all of the deposits of Bank of Wausau.
March 27 – Susquehanna Bank, serving the Mid-Atlantic region, has implemented WAUSAU Financial Systems’ mobile remote deposit capture solution from its Deposit 24/7 Suite. The new application allows consumer and business customers to remotely deposit paper checks using an iPhone, iPad, Android or BlackBerry.
March 21 – Susquehanna Bank, serving the Mid-Atlantic region, has implemented WAUSAU Financial Systems’ mobile remote deposit capture (RDC) solution from its Deposit 24/7 Suite™. The new application allows consumer and business customers to remotely deposit paper checks using an iPhone, iPad, Android or BlackBerry.
March 30 – WAUSAU Financial Systems, a provider of payment and receivables processing solutions, was recently selected by Colorado Business Bank/Arizona Business Bank, commercial banks owned by CoBiz Financial, for its robust wholesale outsourcing solution which delivers comprehensive remittance processing and revenue cycle management. The solution, complete with WAUSAU’s Integrated Receivables Hub, Receivables360, goes live in May 2011.
August 2 – WAUSAU Financial Systems and Mitek Systems, Inc., an innovator of advanced-image analytics and mobile-document-capture applications for smartphones, have entered an OEM agreement enabling WAUSAU to offer Mitek’s mobile Remote Deposit Capture (RDC) capabilities to financial institutions nationwide.
Apr 4 – WAUSAU Financial Systems, an industry leader in providing enterprise content management solutions, has announced that Oak Creek, WI-based Tri City National Bank has completed the successful beta test and installation of the latest Optima3 IMS release, version 7.2.
June 28 – New Account Capture, the newest addition to WAUSAU’s industry-leading suite of capture solutions, integrates with a financial institution’s new account platform, allowing for the digital signing and electronic routing of documents for automated validation and auditing. The offering ensures that transactions are processed securely and efficiently, and focuses on decreasing the amount of resources utilized during the new account acquisition process.