Bank Consolidates Commercial Banking Services with CSC’s CheckVisionEL SEGUNDO, Calif., March 21 – Computer Sciences Corporation (NYSE: CSC) today announced that SunTrust Banks Inc., one of the nation's largest commercial banking organizations, has licensed CSC’s CheckVision software to provide electronic check images and associated reports on CD-ROM to its commercial banking clients. Under the agreement, CSC will also help consolidate three disparate SunTrust CD-ROM image delivery systems onto CheckVision.
CSC’s CheckVision short-term archive and integrated delivery components store electronic bank statements, account reconciliation reports and check images for 45 days, and enable banks to provide this information to their customers by CD-ROM or the Internet.
SunTrust will use CheckVision for CD-ROM, which runs on IBM’s eServer pSeries hardware and DB2 UDB software, to centralize its delivery services to commercial clients. By eliminating redundant delivery systems, SunTrust will be able to reduce its unit costs.
“We had four delivery platforms from several different vendors, including CSC,” said Ernie Harris, group vice president of Business and Commercial Product Management at SunTrust. “Because of CSC’s strong track record of delivering and integrating systems within large bank environments, we chose to use CSC and its CheckVision system for all of our CD-ROM delivery services.”
“By leveraging the integrated delivery capabilities of CheckVision, SunTrust will continue to differentiate its commercial banking services from the rest of the market,” said Bill Cunningham, general manager of CSC’s Integrated Payments organization. “SunTrust’s decision is the most recent example of banks relying on CSC’s experience and practical innovation to help achieve better business results.”
About SunTrustSunTrust Banks, Inc., headquartered in Atlanta, Georgia, is one of the nation's largest commercial banking organizations. As of December 31, 2004, SunTrust had total assets of $158.9 billion and total deposits of $103.4 billion. The company operates an extensive distribution network primarily in Florida, Georgia, Maryland, North Carolina, South Carolina, Tennessee, Virginia and the District of Columbia, and also serves clients in selected markets nationally. Its primary businesses include deposit, credit, trust and investment services. Through various subsidiaries the company provides credit cards, mortgage banking, insurance, brokerage and capital markets services. SunTrust’s Internet address is
www.suntrust.com.
About CSCFounded in 1959, Computer Sciences Corporation is a leading global information technology (IT) services company. CSC's mission is to provide customers in industry and government with solutions crafted to meet their specific challenges and enable them to profit from the advanced use of technology.
With approximately 79,000 employees supporting continuing operations, CSC provides innovative solutions for customers around the world by applying leading technologies and CSC's own advanced capabilities. These include systems design and integration; IT and business process outsourcing; applications software development; Web and application hosting; and management consulting. Headquartered in El Segundo, Calif., CSC reported revenue of $13.9 billion from continuing operations for the 12 months ended Dec. 31, 2004. For more information, visit the company's Web site at
www.csc.com.
