Talaris and Skyline's DirectFED Payment Solutions Collaborate to Offer Industry's Fastest Check Processing Solution

LISLE, Ill. and LOS ANGELES, April 7 /PRNewswire/ -- Talaris, the world's leading provider of teller cash automation equipment to financial institutions and retailers worldwide, and Skyline's DirectFED Payment Solutions, the industry's premier remote deposit capture software supplier, today announced its partnership on Talaris' electronic check-processing solution, Pronto.

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Through the agreement, DirectFED Deposit™, Skyline's DirectFED's cutting-edge remote-deposit-capture software, has been leveraged to create Pronto, a solution that enables banks, credit unions and retailers to immediately and simply process checks with the Federal Reserve System. As a result of the increased speed and efficiency of check processing realized through Skyline's DirectFED Deposit™, financial institutions and retailers will realize high performing operational advantages and cost-savings than those typically associated with check-processing solutions.

"In seeking a partner on Pronto, Talaris strived to incorporate software that supports our dedication to maximizing customers' efficiency and helping improve their bottom line," said Chris Reagan, president of Talaris North America. "Like Talaris, Skyline's DirectFED values its ability to make a tangible impact on customers, so we're thrilled to offer substantial check-processing benefits via Pronto."

"We had several candidates to choose from but selected Skyline's DirectFED from a host of competitors due to its extremely customizable and flexible features, as well as its easy and fast installation, that no one else was able to provide," added Reagan.

Talaris unveiled Pronto, its first Check 21 solution that is powered by DirectFED Deposit™, at Banking Automation Institute's Retail Delivery Conference in November 2009. Pronto features a simplistic design and "plug-and-play" set-up process that enables financial institutions and retail locations to install the solution in just a few hours, thereby realizing the cost-saving benefits of Check 21 within two days.

"Pronto was custom-designed to address Talaris' specific objective to offer customers fast and easy benefits of Check 21 without financial burden, technology integrations and additional hardware," said Jeff Korbin, executive vice president of Skyline's DirectFED Payment Solutions. "We're pleased to collaborate with a company that's equally committed to pioneering remote deposit capture solutions designed specifically for financial institutions and retailers."

For more information about Pronto, visit www.talaris.com or contact Joseph Gnorski at (630) 577-1019.

About Skyline's DirectFED Payment Solutions

Founded in 2004, Skyline's DirectFED Payment Solutions is the first business-centric processor performing Remote Deposit Capture for a wide range of companies and organizations. Skyline's DirectFED was created to take advantage of the benefits created by Congress passing The Check Clearing for the 21st Century Act ("Check 21"). Our goals for our customers are to optimize float to their advantage, reduce bank fees and provide significant back-office savings by using the new laws and technology to their advantage. Our patented suite of products provides unique solutions for businesses that range from multinationals to small enterprises, not-for-profits, municipalities and all types of financial institutions. For more information, visit www.directfed.com.

About Talaris

Talaris, formerly known as De La Rue Cash Systems, was formed in September 2008 as a result of a management-led buyout supported by The Carlyle Group, one of the world's largest private equity firms. Talaris offers global expertise specializing in cash handling technology to manage cash as it moves through the commercial cash cycle. Talaris solutions incorporate: Consulting and Project Management, Cash Dispensing and Recycling, Cash and Coin Handling, Self-Service Solutions, Integrated Technology (OEM), Connectivity and Optimization Software and Full Support Services.

Talaris is a global business comprising of 2,000 personnel including over 1,000 service and support staff operating from more than 30 offices globally. An additional network of 130 business partners increases the coverage to 60 countries.

SOURCE Skyline's DirectFED Payment Solutions