REMITCO Selects Wausau Solution as Enterprise Remittance Platform

May 08, 2006, 01:00 ET from Wausau Financial Systems

    MOSINEE, Wis., May 8 /PRNewswire/ -- REMITCO, a First Data company and
 one of the nation's largest processors of retail lockbox payments,
 announced today that it will work exclusively with Wausau Financial Systems
 to implement an enterprise remittance solution platform at the company. The
 transition will help standardize the processing of over 60 million payment
 transactions per month for REMITCO on Wausau's ImageRPS platform, one of
 the leading remittance processing solutions in the industry.
     The Wausau ImageRPS solution implementation will help standardize the
 payment processing platform at REMITCO's eight retail lockbox locations
 nationwide. The enterprise-wide remittance platform delivers REMITCO
 efficiencies and Wausau's industry-leading functionality, including the
 ImageRPS solution's accounts receivable conversion (ARC) eligibility
 decisioning interface and ICL (Image Cash Letter) capabilities.
     "We see tremendous advantages in standardizing our lockbox processing
 with one partner, and we're pleased to work with Wausau Financial Systems
 to implement this enterprise-wide remittance processing solution," said
 Scott Dickey, president, REMITCO. "REMITCO and Wausau have shared a very
 successful relationship over the last three years, and we feel this
 strategic move to standardize on one platform will position us for further
 volume and profitability growth."
     "The decision from REMITCO, as one of the nation's leading retail
 lockbox processors, to migrate its entire client volume to our ImageRPS
 solution is a strong testimonial to the strength of Wausau's remittance
 processing capabilities," stated Jim Lapinski, Executive Vice President -
 Remittance Solutions for Wausau Financial Systems. "The combination of
 Wausau's solution deliverables and the lockbox knowledge of REMITCO
 solidifies its strong industry presence."
     About Wausau Financial Systems
     Wausau Financial Systems is a premier provider of payment and
 remittance processing solutions. Wausau serves businesses of all types to
 develop strategies that move money faster. With its products, services and
 consulting, Wausau works with customers to speed check processing,
 electronic presentment, ACH payments, transaction processing, distributed
 capture and enterprise content management. Wausau's innovative solutions
 provide results for a wide range of organizations including financial
 institutions, insurance companies, utilities, retail businesses and
 governmental agencies. Find more information about Wausau at .
     About REMITCO
     REMITCO is the remittance processing subsidiary of First Data and one
 of the largest retail lockbox providers in the United States, processing
 over 60 million payments per month. First Data Corp. (NYSE:   FDC) is a
 leading provider of electronic commerce and payment solutions for
 businesses and consumers worldwide. Serving 4.6 million merchant locations,
 1,600 card issuers and millions of consumers, First Data powers the global
 economy by making it easy, fast and secure for people and businesses around
 the world to buy goods and services using virtually any form of payment.
 The company's portfolio of services and solutions includes credit, debit,
 private-label, gift and other prepaid card issuing and merchant transaction
 processing services; money transfer services; money orders; fraud
 protection and authentication solutions; check guarantee and verification
 services through TeleCheck; as well as Internet commerce and mobile
 solutions. Western Union, Vigo and Orlandi Valuta together make up one of
 the world's largest money transfer networks with approximately 274,000
 Agent locations in more than 200 countries and territories. The company's
 STAR Network offers PIN-secured debit acceptance at 1.9 million ATM and
 retail locations. For more information, visit .

SOURCE Wausau Financial Systems