Panini Announces Small Business Initiative for Distributed Capture

DAYTON, Ohio--(BUSINESS WIRE)--Panini is continuing to lead the distributed capture industry with innovative, world-class payment solutions for financial institutions and their customers. The company is launching a Small Business Initiative to introduce the advantages and efficiencies of remote deposit capture (RDC) to the largest segment of the U.S. business market. The new program, based on substantial market research, provides Panini’s customers and partners with a remarkable combination of products and services tailored specifically to small business.

“Based on our research, we are continuing our aggressive product development activities to ensure our customers and partners have the best Panini products and services to satisfy this evolving market.”

Panini’s extensive research included dozens of in-depth interviews with the nation’s leading financial institutions (FI) and distributed capture technology vendors and nearly 500 FI and small business survey responses aimed at identifying the opportunity and requirements to successfully target RDC for the U.S. small business market.

“With this research, we have clearly identified the market opportunity and market requirements for small business,“ states Doug Roberts, President, Panini North America. “Small businesses account for 99.6% of all U.S. business organizations and represent approximately 18 billion annual check transactions eligible for digital capture/deposit. Based on our research, we have designed a comprehensive program that will provide our customers and partners with the tools necessary to successfully market RDC to small businesses. Our goal is to help our banking customers extend the reach of their commercial product offering while growing their deposit base.”

Supporting the market defined requirements for small business, Panini’s My Vision X™ SD (single document) check scanner provides banks and partners with an aggressive combination of quality, features and price. Now priced specifically to meet the small business requirements established in the research, many banks and partners are moving quickly to take advantage of the benefits of the My Vision X SD.

“Our single document version of the industry leading My Vision X check capture platform is designed specifically for the small business market and has quickly established itself as the solution of choice among treasury operations and their commercial clients,” adds Roberts. “Based on our research, we are continuing our aggressive product development activities to ensure our customers and partners have the best Panini products and services to satisfy this evolving market.”

Panini has an extensive network of hardware, fulfillment and software partners and will leverage their partner-centric sales strategy to launch this small business initiative via an exciting new program called Partner Plus. The structured program will protect the market position of Panini’s channel partners and provide them with a variety of valuable tools and incentives.

Additionally, Panini has developed a new customer services strategy to be offered by Panini and its partners to expand and create a wide range of service offerings specific to the small business market, including help desk, maintenance, training, fulfillment and project management.

Panini will showcase their innovative Small Business Initiative at the Association for Financial Professionals (AFP) Annual Conference, October 21-24 in booth number 1417.

Panini is the distributed capture market leader with dominant market share, demonstrated best quality, and a rich history of technical innovation. As the market leader, Panini offers customers the lowest cost of ownership, best reliability, and broadest portfolio of industry partnerships. Panini’s scalable check capture platform addresses the complete range of distributed check capture applications.

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 North America, a wholly owned subsidiary, 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.