Tecpoint and Panini Announce Relationship in Brazil for Check Truncation

Turin, Italy (March 30, 2010) – Panini, the market leader in distributed check capture, and Tecpoint, a leading provider of banking and payments technology in Brazil, have announced a partnership enabling both companies to assist banks with the emerging distributed check capture market in Brazil. As a result of new check truncation legislation, Brazilian financial institutions will be moving to distributed check capture this year. The combination of Tecpoint’s Sistec solution and the Panini family of check scanners offer a compelling solution for this new payments initiative.

Panini introduced their newest check scanning platform, the Panini I:Deal, to the global payments community at Febraban’s CIAB Conference in São Paulo, Brazil last summer. Tecpoint was the first Brazilian company to certify the product and begin implementing the technology in Brazil. When combined with Tecpoint’s Sistec software, the Panini I:Deal allows Brazilian financial institutions and their business customers to truncate paper checks at the earliest point of presentment. Captured images can then be processed and cleared electronically, reducing the costs and procedures associated with physically transporting paper items.

“The Panini I:Deal is designed specifically for low volume check capture environments which makes it a perfect match for the Brazilian check truncation market,” says Cleber Ferreira, Marketing Manager, Tecpoint. ”We are very impressed with the product, our partnership with Panini, and the success we’ve experienced as a result.”

“Tecpoint is one of the leading providers of payments software to financial institutions in Brazil, and we’re very pleased to have such a strong partnership with them,” adds Romeo Gonçalez, Latin America Sales Director, PANINI. “Our collaboration will help Brazil’s financial institutions capture the maximum benefits from check truncation.”

Tecpoint’s leadership in the Brazilian payments market is evidenced by their distribution of over 250,000 MICR and barcode readers in Brazil, over 10 billion digitized documents, and over 200,000 IT maintenance contracts in Brazil. The company will provide sales, maintenance and support of Panini’s market-leading check scanners in Brazil.

Panini is a global leader in providing payment technology innovation. The company’s leadership is demonstrated by their dominant market share position and industry recognition. Panini’s scalable check capture platform addresses the complete range of distributed check capture applications. For more information visit www.panini.com.

About Tecpoint
The Tecpoint Group was founded in 1985 with Tecpoint, responsible for the development, production and assembly of equipments for commercial and banking automation. Some years later, the company’s Image Service and OR joined Tecpoint, transforming the company into a corporation responsible for banking automation, commercial, technical assistance and corporate solutions for Information Management. Some of Tecpoint’s current customers include Bradesco, Caixa, Santander, HSBC, Banco Real, Itau, and Unibanco.

About Panini
Founded in Turin, Italy, Panini has enabled clients to capitalize on shifts in the global payments processing market for more than sixty years. Panini has a rich history of technology innovation, leveraging the company’s expertise in research & development. Panini’s market leading solutions are based on state-of-the-art engineering resources and ISO-9000 quality certified production. Panini offers check capture solutions that enable customers to fully realize the advantages and efficiencies available with the digital transformation of the paper check. Panini’s scalable check capture solutions address the complete range of distributed check processing opportunities including teller capture, back-counter capture, corporate capture, cash vault, microfilm replacement and remittance processing. For more information please call 937.291.2195 or visit www.panini.com.