com. The company has a unique subscription-based model
where users pay an annual fee
to create a username and password, and can go
on the site for downloads of content anytime with no
additional fees.
, today reported that check image volume in the Image
Payments Network jumped
significantly in January from the previous month and
continues to grow at double digit rates in both
dollar volume and total items. In the past
two months, four institutions -- Comerica, M+T, La Salle
and HSBC -- have all
begun sending images via the Image Payments Network. We will be adding additional
financial institutions
in the coming months. The network enables financial institutions to exchange
and settle
check images peer-to-peer, without a cumbersome central processing system,
thereby
eliminating the expense of transporting physical checks. Illinois Premium Tax database assigns the
correct taxing authority
based on the street address and compares the relation between its physical
location to jurisdictional boundaries.
The layer contains 3100 different polygons with 1207
different associated
fire departments.flag images
PhotoSpin announced today the launch of
their newest
royalty-free content offering -- the Super Subscription.246.C.
"Check image volume in the Image
Payment Network is growing rapidly
because participating financial institutions are quickly recognizing
the
system's enormous potential for cost reduction and improved efficiencies,"
said George Thomas
, Executive Vice President of The Clearing House., KeyCorp, LaSalle Bank, M+T Bank,
National City
Corp. The DTA enables financial institutions to
transmit check images directly to each other cost
-effectively and without
cumbersome centralized data processing., Proxix Solutions has released
the
newest edition to its database product suite, Illinois Premium Tax
database. Adding to the complexity
, some states, such as Illinois, assess
premium taxes by fire districts, while Florida assesses at
the fire and police
district level.proxix.flag com
The cost for the annual Super Subscription is
$499
(USD).
Super Size Subscriptions
"We were already creating larger file sizes for many of our customers who
would spend
$199 per image for the larger image," said Val Gelineau, CEO
and cofounder of PhotoSpin, Inc."
Susan Long, Senior Vice President of The Clearing House, responsible for
SVPCO-Electronic Clearing
Services said: "The Image Payments Network
experienced its 13th straight month of record volume
in January.
Through January, institutions participating in the Image Payments Network
were
Bank of America, Comerica Bank, EDS, The Federal Reserve Bank, Fifth
Third, HSBC Bank, JPMorgan Chase
+ Co. The DTA works in conjunction with
existing item-processing systems to link institutions into
the network and
enables institutions to directly exchange payloads of electronic images. financial
institutions and hundreds of international participants with payment services
that span the entire
spectrum of paper, paper-to-electronic and electronic
payments.
Incorporated by the former
founders of QMSoft, Proxix Solutions, Inc.flags world
Created exclusively to target designers who need to use
larger than
standard size (8 1/2 inches at 300 dpi) royalty-free images for output to
large format
printing typically used in Sign making.1 billion in daily average dollar value, an increase of 18 percent
compared to December 2005
* $82., Union Bank of California, Wachovia Corp.C.
proxix.
This link shows a map of a close-up view of central Illinois and its
associated
fire codes: http://www.781.several atlasgeo
Images are also available for single image download and can be
purchased
online for $199.photospin. Historical data can be found at http://www. We urge institutions of all
sizes to participate in the
Image Payments Network, the only image exchange system connected to the
Federal Reserve. Through its relationship with the Federal Reserve, the Image Payments
Network
can reach more than 10,000 endpoints and help financial institutions
of all sizes take advantage
of image exchange.S. Bank, Wachovia
Bank, and Wells Fargo Bank. Currently a number of states assess
premium taxes based on local municipalities that do not conform to Zip Code
boundaries.com/Images
/pr/centilfiredist.animated reference
photospin.
How the Image Payments Network works
Image exchanges
and settlement are conducted through SVPCO's Distributed
Traffic Agent (DTA), a solution developed
by SVPCO with VECTORsgi, one of its
strategic technology partners.goold@svpco. For more information
, visit http://www.theodora atlasgeo
The PhotoSpin library
includes 100,000 award-winning photographs, illustrations
, video clips,
sound files and fonts.
For January, SVPCO reported the following data for the
Image Payments
Network:
* $4.6 million, total monthly dollar value was $55
million
, daily average items were 850, and total monthly items were 18,000.svpco. banking affiliates: Bank of
America, The Bank of New York, Bank of Tokyo-Mitsubishi/Union Bank of
California, BB+T, City National
Bank, Citibank, Citizens Bank, Comerica Bank,
Deutsche Bank, First-Citizens Bank, HSBC Bank, JPMorgan
Chase Bank, KeyBank,
LaSalle Bank, M+T Bank, National City Bank, PNC Bank, UBS, U.
Proxix
's Premium Tax databases help insurance companies assign the proper
tax jurisdiction for premium taxes
."
Available databases:
* Alabama
* California
* Florida
* Georgia
* Illinois
* Kentucky
* Louisiana
* Maryland
* Minnesota
* Mississippi
* New Jersey
* North Dakota
* South Carolina
Proxix
Premium Tax databases integrate into CATUM Online, a fully
integrated solution that integrates data
quality and geospatial processing for
premium tax jurisdiction assignment.world country
PRESS RELEASE PhotoSpin
's New Annual Subscription Service Super Sizes Photos and Illustrations
"In
January, the Image
Payments Network set two records for volume and one for
total dollars, and we expect that growth
rate to continue for the foreseeable
future. Alternatively, this database can be
licensed for
use within other GIS systems.proxix.detail flag
"It made sense to just go ahead and create
a larger file size
for all images and offer it as a subscription.
Super Subscriptions can be purchased online at
www. is the only royalty-free content subscription site for
business professionals that includes
fonts, illustrations, sound and film
in one neat annual royalty-free subscription. SVPCO Image Payments
Network Posts Double-Digit Gains 13th Consecutive Month
of Record
Volume
NEW YORK, SVPCO-Electronic Clearing Services, the
electronic check and check image
exchange business of The Clearing House
Payments Company L.
All financial institutions that
exchange images directly with each other
via the Image Payments Network utilize the automated settlement
function. The Clearing House Payments Company is
owned by the following banks or their U. "Prior
to our database, many
insurers had a difficult time assigning correct tax jurisdictions since
Illinois
assesses premium taxes based on fire districts.com .montserrat animated
95 each.com.L.S.com/Images/pr/ilfiredist.facts several
In January 2005, when the Image Payments Network began operations, daily
average dollar value
was $2."
The Image Payments Network is a single, end-to-end system that provides
unparalleled
control, security and processing efficiency for transmitting and
settling check images and other
data directly between participants in the
industry.detail montserrat
3 billion in total monthly dollar value, an increase
of 12 percent
compared to December 2005
* 693,949 in daily average items, an increase
of 25 percent compared to
December 2005
* 13.
Automated settlement provides real
-time net and bilateral settlement position
reporting and eliminates the manual intervention required
with other
settlement arrangements.
For more information about the SVPCO Image Payments Network
, contact Susan
Goold, Vice President, Products and Services, SVPCO-Electronic Clearing
Services
, 201-319-5554, susan. Financial institutions of
all sizes benefit from payment systems that meet
the highest standards for
reliability, security and service.gif .
specializes in developing geospatial
technology, with fully integrated Web
solutions accessible via an XML/SOAP interface and databases
to support
industry solutions.animated database
The Super Size images are up to 17 inches on the longest side
at 300 dpi.
(http://www. Services include local and regional check exchange and settlement
services;
ACH association and operations; large-value "wire" payments;
electronic check presentment; and image
exchange.
To create the IL database, Proxix staff called every fire department
within the
state and requested a list of all municipalities and townships
falling under that department's responsibility
. 304
world flag
File sizes range from 28 to 75 megabytes and are available in both tiff and
jpg
format."
PhotoSpin is the only royalty-free digital image company that offers a
subscription service
including images this large.9 million in total monthly items, an increase of 19 percent compared
to December 2005
* The peak day of the month was January 30, when 1,212,209 items were
transmitted
* Twelve banks were exchanging images, in addition to significant volume
being exchanged through the network's connection to the Federal Reserve
and EDS.,
and Wells
Fargo.gif .
For More Information Contact:
Lynn Bates
lbates@proxix
.sizes detail
About PhotoSpin Inc.
For more information about PhotoSpin, call 888.1313 or visit
http:
//www.
Two banks were exchanging images through the Image Payments Network in January
2005. The
following link shows a thematic map that represents all
of the different fire codes throughout the
state of Illinois:
http://www.several reference
The Image Payments Network is the nation's private-sector leader
in image
payments by dollar value and total number of items, according to publicly
available information
.com. Financial institutions can see their net debit or
credit position online and view their position
with all of the institutions
participating in the Image Payments Network at any time.L. The Clearing
House serves more than 1,600 U.atlasgeo theodora
PhotoSpin, Inc.org) is a private-sector, global payment systems
infrastructure that clears and settles 48 million payments for more than $1.arms reference
The size applies to
all of the current photographs and
illustrations available within the PhotoSpin online image library
and
includes the two hundred new royalty-free photos and illustrations offered
each month to subscribers
.Check Image Volume Grew Rapidly in January 2006
About The Clearing House Payments Company
The Clearing House Payments Company L. Proxix entered the completed
list into its spatial
layers, creating a detailed layer depicting the
corresponding Illinois Fire Premium Tax codes.2662
, ext.gif detail
The addition of volume
from these four institutions and the other financial institutions already
connected to the network is responsible for the exponential growth in volume
from just six months
ago.com.theclearinghouse.Proxix Solutions' Illinois Premium Tax Database Now Available
PALM HARBOR
, Fla.flag animated
9
trillion per day.S.
"Our Illinois Premium Tax database offers insurers an accurate
, simple
solution for assigning proper tax jurisdictions for premium taxes," stated
Howard Botts
, executive vice president, Proxix.com
727.detail country
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