New Customers Turn to WAUSAU for Innovative Remittance Payment Processing

WAUSAU, the industry leader in remittance processing, announced that the organization has added almost one dozen new competitive replacement customers since the beginning of the year.  Through the addition of these new replacement customers switching to the WAUSAU’s industry-leading ImageRPS application, WAUSAU continues to add remittance transaction volume to its industry-leading market share position for retail, wholesale and wholetail lockbox operations.

Recent replacement wins include a large Midwestern utility company, a Southeastern charitable organization, a Nebraska-based national bank, a California county government entity, a large Vermont-based financial institution and a large Southern telecommunications company.  With the addition of these competitive replacement customers, the total estimated number of remittance transactions being processed by WAUSAU lockbox technology will exceed 100 million annually.

The new competitive replacement customers secured in 2007 continue to solidify the strength and position WAUSAU holds in the remittance processing industry.  Even as check payment volumes continue to decline, WAUSAU continues to realize growth in its remittance solutions business. With more and more competitive replacement customers turning to a WAUSAU solution, WAUSAU now realizes over one-third of the market share in both the retail and wholesale lockbox environments.

“The significant number of replacement system transactions WAUSAU has added to date in 2007 speaks clearly to the confidence our new and existing customers have in our remittance solutions, which continue to be the most technologically advanced in the industry,” said Patrick Brzezinski, Vice President – WAUSAU Remittance Solutions.  “Overall, the remittance industry is stable and does not indicate a significant amount of growth in the future, but here at WAUSAU, we continually increase our client base as customers make the switch to the WAUSAU remittance solution.  Our customers trust that WAUSAU is staying abreast of the ever-changing payments landscape and continually enhancing our technology.”

WAUSAU’s ImageRPS solution offers advanced transaction technology that is flexible and scalable for the customer, whether an organization receives recurring business or personal checks, partial- or full-remittance payments, or single check or full-page transactions.  WAUSAU customers continue to dominate the industry in Accounts Receivable Conversion (ARC) and annually generate more than 35% of all ARC transactions on the ImageRPS application.

About WAUSAU

WAUSAU is a premier provider of payment and remittance processing solutions, serving 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 www.wausaufs.com.