Since 2004, Dwight enjoyed a very successful tenure at KeyBank, N.A. as Senior Business Banking Relationship Manager, Vice President-Key Center Manager, and Bank Channel Investment Program Registered Representative. Prior to that, Dwight contributed to the success of Chittenden Bank in marketing and sales management roles, as well as with financial services, bringing community banking and branch operations expertise to CONIX’s sales focus.

“CONIX has concentrated for over two decades on developing solutions that streamline and protect financial institutions’ payment processes,” said CONIX president Mike Charles. “As banks are increasingly challenged to offer emerging payment alternatives, a person such as Dwight with a career in banking brings valuable experience to develop proven solutions for our clients.”

Since 1992, CONIX (www.CONIX.com) has pioneered payment processing products that reduce system maintenance costs and improve operating reliability. Through customer-focused product innovations, CONIX has helped advance the transformation of payment processing and enabled financial institutions to compete in a new electronic payments era while managing the associated risks.

“Banks of every size are looking to adapt to their customers’ preferences for payment alternatives as a matter of competitive advantage and relevance,” said Dwight Williams. “Having been in the trenches of retail banking for some time now, it is clear that financial institutions are searching for effective solutions to minimize fraud and other operational risk in their payment offerings. One of the main reasons I chose to join the CONIX team is their impressive suite of fraud and duplicate detection solutions.”

CONIX was among the first to provide working solutions addressing changes brought about by image capture and exchange. Its Enterprise IRD(TM) and ImageAnalyzer(TM) allowed financial institutions to adapt quickly. In 2005, CONIX introduced Dupe Detective(R), the Day 1, multi-channel duplicate detection product now accepted as the de facto industry standard duplicate payment solution. CONIX’s Dupe Detective customers are a “who’s who” of leading financial institutions, including 6 of the top 25.

In response to increasing payment fraud risk, CONIX developed and has continued to enhance its Fraud Detective(R) enterprise solution for financial institutions and payment processors. Effective against both current and emerging payment fraud schemes, Fraud Detective works in tandem with Dupe Detective to overcome challenges created by multiple payment silos. Whether installed in-house or hosted via the ASP model, the CONIX payment processing suite enables a unified Day 1, cross-channel review of suspected duplicate and fraudulent payments, as well as their appropriate resolutions.

About CONIX Systems, Inc.:
CONIX Systems, Inc. (CONIX) is a world leader in providing payment processing software and related services to the financial services industry. The company’s products perform key processing tasks for tens of billions in payments each year. CONIX software and services are used by approximately 80 percent of the largest U.S. financial institutions. Its comprehensive solutions are simple to use in production and simple to maintain, guaranteeing high quality performance at the lowest cost.

CONIX has a reputation for driving innovation with its products. Dupe Detective prevents duplicate payments from all channels from posting to customer accounts. Fraud Detective accelerates exceptions processing into Day 1, significantly reducing fraud risk for institutions and their customers.

Founded in 1992, the company is headquartered in Manchester, Vt., with offices throughout the United States. For more information about CONIX Systems, Inc. and its products, call (877) 332-1858 or email sales@conix.com. More information online: http://www.CONIX.com .

News Source: CONIX Systems, Inc. :: This press release was issued on behalf of the news source by Send2Press® Newswire, a service of Neotrope®. View all current news at: http://Send2PressNewswire.com .

CONIX is kicking off its 20th anniversary activities at BAI Payments Connect in Las Vegas, March 12 – 14, 2012 (Booth #508), where it will demonstrate Dupe Detective® and Fraud Detective®. These products are the core elements of its payment anomaly detection and resolution platform, which can be implemented as a hosted solution by application service providers.

“Twenty years ago, when gasoline was close to a dollar a gallon, CONIX was founded on a vision that financial institutions’ need for efficiency and accuracy in their payment processing operations was increasing,” said CONIX President Mike Charles. “Like the cost of oil driving energy innovation, the demand for payment options has driven payment processing innovation. Innovation comes naturally to CONIX because our culture makes it a priority; nonetheless, we’ve based our innovations on real world challenges by listening closely to the industry before developing our solutions.”

In 1992, CONIX developed some of the first commercially available products to support testing the frequent changes made to item processing environments. These products helped reduce both the time and cost of performing tests, while improving their accuracy. In 1998, CONIX expanded its focus to labor-intensive core operational payment processes (balancing, settlement and transit) by acquiring CheckFree Corporation’s division of check processing products.

After the 2003 passage of Check 21, CONIX was first to provide working solutions addressing changes brought about by intra-bank and inter-bank check image capture and exchange. CONIX Enterprise IRD™ and ImageAnalyzer™ allowed financial institutions to adapt quickly.

In 2005, CONIX introduced Dupe Detective, the Day 1, multi-channel duplicate detection product now accepted as the de facto industry standard duplicate payment solution. CONIX’s Dupe Detective customers are a “who’s who” of leading financial institutions, including 6 of the top 25.

Responding to increasing payment fraud risk, CONIX developed and has continued to enhance its Fraud Detective enterprise solution for financial institutions and their payment processors. Effective against both current and emerging payment fraud schemes, Fraud Detective works in tandem with Dupe Detective to overcome challenges created by multiple payment silos. Whether installed in-house or hosted via the ASP model, the CONIX payment processing suite today enables both a unified Day 1 cross-channel review of anomalies that signal fraudulent items and their appropriate resolution.

As a hosted solution, CONIX’s software offers smaller financial institutions the same protection that Top 25 financial institutions have experienced at a lower cost and without adding human resources.

Further, CONIX’s integrated suite of Day 1 payment anomaly identification and decisioning solutions meet the banking industry’s need for collaboration in combating fraud. The product suite enables a hosted solution for financial institutions and payment processors to aggregate payments in a shared database for duplicate and fraud detection. Multi-bank payment data sharing in a secure environment is an acknowledged model for creating a unified front line against sophisticated, persistent fraud schemes. Earlier detection along with new cooperative exchange practices will catch fraud closer to the origination point, facilitating the timely retrieval of funds.

“The last 20 years represent an era of unprecedented adaptation by financial institutions where payment processing is concerned, and CONIX emerged as a vendor-partner that could help,” said Managing Director of Sales Steve Fortson. “Today, CONIX solutions enable financial institutions to compete effectively by adapting to payment innovations, such as mobile deposit and other types of mobile payments, in addition to checks, ACH, and remote deposit capture items. Nothing makes us more proud than the success of our customers,” he added, “Unless it’s their confidence in another 20 years of continued innovation from CONIX.”

For more information about CONIX Systems, Inc. and its products, call (877) 332-1858 or email sales@conix.com. Visit CONIX online at: http://www.conix.com/ .

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Operating either as an installed or hosted solution, Fraud Detective fully integrates with CONIX Dupe Detective®, the de facto industry standard solution for payment duplicate detection and resolution. As a hosted solution, Fraud Detective offers smaller financial institutions the same protection that Top 25 financial institutions have experienced at a lower cost and without adding human resources.

Fraud Detective’s easily modified menu-driven business rules enable financial institutions to adapt to payment innovations, such as mobile deposit and other types of mobile payments, in addition to reviewing checks, ACH, and remote deposit capture (RDC) items. Its business rule engine enables the automated decisioning of suspect payment items, and includes false suspect elimination. It also identifies a comprehensive spectrum of fraud types, including common indicators of account takeovers, kiting, and money laundering. Business rules also facilitate CONIX Fraud Detective’s automated delivery of confirmed anomalies to the desired endpoints for final resolution.

“Fraud Detective meets financial institutions’ needs for minimizing payment processing risk by providing a single enterprise cross-channel point of review, integration with Dupe Detective, and business rule-driven architecture to ensure agility in a continually innovative payment landscape,” said CONIX Managing Director of Sales, Steve Fortson.

In the ASP environment, CONIX’s integrated suite of Day 1 payment anomaly identification and decisioning solutions meet the banking industry’s need for collaboration in combating fraud. Multi-bank payment data sharing in a secure environment is an acknowledged model for creating a unified front line against sophisticated, persistent fraud schemes. Earlier detection along with new cooperative exchange practices will catch fraud closer to the origination point, facilitating retrieval of funds before it’s too late to recover them.

“Financial institutions have entered a new era of payment opportunity and risk, which is why CONIX has moved rapidly to transform its payment processing solutions for their benefit,” said CONIX CEO Mike Charles. “Fraud Detective has evolved in large part from what we have learned while serving financial institutions for the last two decades, including supporting their adoption of RDC with Dupe Detective since 2005. Clearly, 21st century payment processing must focus on early anomaly detection to prevent negative reputational and financial consequences. Fraud Detective provides the most effective protection available from fraudsters’ persistent threats to financial institutions’ payment processing operations.”

Since launching its automated enterprise duplicate detection solution Dupe Detective in 2005, CONIX has concentrated on helping financial institutions and payment processors adapt to the shift toward electronic payment types.

About CONIX Systems, Inc.:
CONIX Systems, Inc. (www.CONIX.com) is a world leader in providing payment processing software and related services to the financial services industry. The company’s products perform key processing tasks for tens of billions in payments each year. CONIX software and services are used by approximately 80 percent of the largest U.S. financial institutions. Its comprehensive solutions are simple to use in production and simple to maintain, guaranteeing high quality performance at the lowest cost.

CONIX has a reputation for driving innovation with its products. Dupe Detective prevents the duplicate payments from all channels from posting to customer accounts. Fraud Detective accelerates exceptions processing into Day 1, significantly reducing fraud risk for institutions and their customers.

Founded in 1992, the company is headquartered in Manchester, Vermont, with offices throughout the United States. For more information about CONIX Systems, Inc., and its products, call (877) 332-1858 or email sales@conix.com. More information online: http://www.CONIX.com .

News Source: CONIX Systems, Inc. :: This press release was issued on behalf of the news source by Send2Press® Newswire, a service of Neotrope®. View all current news at: http://Send2PressNewswire.com .

To that end, CONIX, a leading international provider of payment processing solutions to the financial services industry, has developed an integrated duplicate detection and fraud detection system that can be implemented as an in-house solution. This system also enables payment processors to provide hosted solutions to financial institutions.

“Inter-bank payment data sharing has been a common industry vision to police fraud for generations,” said CONIX CEO Mike Charles. “It was not so long ago that banks shared payment data via tapes or diskettes. We’ve simply taken a proven industry protocol for collaboration and updated it to the quintessential 21st century venue. Moving into a shared environment enables financial institutions to identify and resolve duplicate payments and fraud suspects across the payments industry in Day 1 prior to posting.”

Since launching its automated enterprise duplicate detection solution Dupe Detective(R) in 2005, CONIX has concentrated on helping financial institutions and payment processors adapt to the shift toward electronic payment types. In 2010, based on the challenges of its customers, CONIX launched Fraud Detective(R). Like Dupe Detective, Fraud Detective processes payments from all payment sources and channels, including image exchange, ACH, RDC, and Mobile Capture. In tandem, Dupe Detective and Fraud Detective enable Day 1 identification and disposition of duplicate payments, fraud suspects, and other critical anomalies in a common rules-based review process. Both products are designed to run in an ASP environment.

“CONIX provides the unique infrastructure needed for a national duplicate detection and fraud detection database serving the banking and payment processing industries. We have created Day 1 payment processing software and services for top-tier financial institutions and payment processors for more than two decades. We have developed and delivered server-based solutions to the industry that are unsurpassed in performance and quality because we keep our ear to the ground and value our customers’ input,” said CONIX Managing Director of Sales, Steve Fortson.

These integrated systems share CONIX Systems’ browser-based interface, providing authorized system access from anywhere. Through this interface, users can define and manage a bank’s business rules and filters, and review and decision suspects. Full audit and detailed reporting is also provided.

Enterprise duplicate and fraud detection enables the resolution of payment anomalies prior to posting and sending transit work for collection. The CONIX solution reduces a financial institution’s research and adjustments caseload, ensures that customer accounts are never affected, and supports loss prevention. A national database will effectively eliminate duplicate events in all inter-bank transactions, and provide an environment in which institutions can “connect the dots” on payment fraud schemes.

About CONIX Systems, Inc.:

CONIX Systems, Inc., (www.CONIX.com) is a world leader in providing payment processing software and related services to the financial services industry. The company’s products perform key processing tasks for tens of billions in payments each year. CONIX software and services are used by approximately 80 percent of the largest U.S. banks. Its comprehensive solutions are simple to use in production and simple to maintain, guaranteeing high quality performance at the lowest cost.

CONIX has a reputation for driving innovation with its products. Dupe Detective prevents the duplicate payments from all channels from posting to customer accounts. Fraud Detective accelerates exceptions processing into Day 1, significantly reducing fraud risk for institutions and their customers.

Founded in 1992, the company is headquartered in Manchester, Vt., with offices throughout the United States. For more information about CONIX Systems, Inc., and its products, call (877) 332-1858 or email sales@conix.com – or visit http://www.CONIX.com .

News Source: CONIX Systems, Inc. :: This press release was issued on behalf of the news source by Send2Press® Newswire, a service of Neotrope®. View all current news at: http://Send2PressNewswire.com .

Trustmark is a subsidiary of Trustmark Corporation (TRMK), a diversified financial services company with $9.6 billion in assets and 150 branch locations in Florida, Mississippi, Tennessee, and Texas. Trustmark selected the CONIX duplicate detection solution in Q1 2011.

“Having a duplicate item detection system was a critical element of Trustmark’s strategy to embrace centralized item capture and processing remote branch capture through image technology, extending the benefits out to our customers. We were interested in working with a proven solution – which is where CONIX Systems’ Dupe Detective really distinguished itself during our due diligence,” said Harold Winborne, First Vice President, Trustmark National Bank.

“Implementing a new payment processing element is not on anyone’s list of favorite undertakings,” Winborne said. “However, the people at CONIX Systems made this process smoother and we have ‘gone live’ more quickly and with far less hassle than I thought possible.”

“One of the many advantages of Dupe Detective is that it is unparalleled in effectively addressing the problem of ‘false positives.’ Many banks and processors have delayed mission-critical decisions about duplicate payments detection based on this issue,” said CONIX’s Managing Director of Sales, Steve Fortson. “Despite the risks and losses caused when a duplicate item posts to an account, the threat of creating and managing false positives with their legacy systems and manual procedures is understandably overwhelming.”

CONIX Systems’ Dupe Detective X9 Inspector feature and the ability to integrate with outgoing return systems virtually eliminates re-presented returns, which is the most common source of false suspects. It also provides business rules and filters for automatically managing other sources.

Among the capabilities Trustmark has utilized through Dupe Detective:

* Expedited suspect decisioning – Its Suspect Review enables operators to easily determine whether the suspect is truly a duplicate payment by providing the data and images of all matched payments. Item navigation in Suspect Review allows operators to go to specific items based on dollar amount, enabling them to prioritize high-dollar items.

* Streamlined business-rules driven workflow – Automates duplicate payment segmentation by depositor, depositor group, account, payment channel or type, payment amount, and other key criteria via its powerful, menu-driven business rules engine.

* Legacy systems integration for final resolution – Integrates with the bank’s payment systems to expedite new payment processing.

* Eliminates false positives – Flexible business rules, filters, the X9 Inspector feature, and integration with outgoing returns systems provide automatic handling of the major sources of false positives.

* Configurable partitions – Item history for searching for duplicates can be extended to almost three years.

Trustmark’s Winborne anticipates the following operating benefits by implementing Dupe Detective:
* Catching duplicate items on the front end, prior to posting;
* Ensuring payment return decisions are correct; and
* Adjusting cash letters accurately.

About CONIX Systems, Inc.:
CONIX Systems, Inc. (www.CONIX.com) is a world leader in providing payment processing software and related services to the financial services industry. CONIX software and services are used by approximately 80 percent of the largest U.S. banks. Its comprehensive solutions are simple to use in production and simple to maintain, guaranteeing high quality performance at the lowest cost.

CONIX has a reputation for driving innovation with products such as Dupe Detective™, which prevents duplicate payments from all channels from posting to customer accounts; Fraud Detective™, which accelerates exceptions processing into Day 1, significantly reducing fraud risk for institutions and their customers; and Enterprise IRD™, which enables comprehensive, high-volume IRD authoring across the enterprise.

Founded in 1992, the company is headquartered in Manchester, Vt., with offices throughout the United States. For more information about CONIX Systems, Inc. and its products, call (800) 332-1899 or email info@conix.com.

News Source: CONIX Systems, Inc. :: This press release was issued on behalf of the news source by Send2Press® Newswire, a service of Neotrope®. View all current news at: http://Send2PressNewswire.com .

The paper, “Removing False Suspects from the Duplicate Detection Line-up,” is complimentary and can be accessed at http://www.conix.com/News/whitePapersForm.asp .

“CONIX Systems leads the industry in understanding duplicate payment detection hurdles,” says CONIX’s Managing Director of Sales, Steve Fortson. “Our solution is the result of our working relationships with top-tier banks that made duplicate detection a priority. Because of their expansion into image exchange, branch and merchant capture, mobile payments, and ACH conversion, these banks needed an enterprise-wide duplicate detection solution.”

The following excerpt from the white paper summarizes the challenge:

Among the most worrisome concerns for banks when automating duplicate detection is the time-consuming hassle of manually filtering out “false suspects” or “false positives.” That is understandable since false suspects frequently occur as the result of a return item being subsequently represented as a payment. When an item is represented and is mistaken for a duplicate payment, sorting it out can be time consuming; and failing to identify it creates a customer relations issue – a reputational hazard that banks can ill afford.

“CONIX made the problem of ‘false positives’ a priority because we knew of banks and processors that were delaying decisions about duplicate payments detection,” said Fortson. “Although the risks and losses caused when a duplicate item posts to an account are painful, the effort of managing false positives through legacy systems and manual processes has prevented them from moving forward with a solution.”

In the white paper, Fortson discusses the concern for banks and payments processors that have delayed updating their technology to minimize the impact of duplicates as follows:

The irony of banks’ decision-making priorities is a sign of the times. Banks pay a heavy price when duplicate items post to their customers’ accounts in error and they expose themselves to all types of risk – including examination blowback, as well as customer backlash.

A leading international provider of payment processing solutions to the financial services industry, CONIX is a proven innovator with its Dupe Detective(TM), the duplicate detection solution used by more top 25 U.S. banks than any other.

“CONIX has always been just slightly ahead of the times in foreseeing and solving challenges created by payments innovations and proliferating payments options,” said CONIX’s CEO, Mike Charles. “We developed this white paper with animated workflow graphics to help banks and payment processors visualize how represented return items can be readily distinguished from true duplicates.”

About CONIX Systems:
CONIX Systems, Inc. (www.CONIX.com) is a world leader in providing payment processing software and related services to the financial services industry. The company’s products perform key processing tasks for an estimated tens of billions in payments each year. CONIX software and services are used by approximately 80 percent of the largest U.S. banks. Its comprehensive solutions are simple to use in production and simple to maintain, guaranteeing high quality performance at the lowest cost.

CONIX has a reputation for driving innovation with its products. Dupe Detective prevents duplicate payments from all channels from posting to customer accounts. Fraud Detective(TM) accelerates exceptions processing into Day 1, significantly reducing fraud risk for institutions and their customers. Enterprise IRD(TM) enables comprehensive, high-volume IRD authoring across the enterprise.

Founded in 1992, the company is headquartered in Manchester, Vt., with offices throughout the United States. For more information about CONIX Systems, Inc., and its products, call (800) 332-1899 or email info@conix.com.

News Source: CONIX Systems, Inc. :: This press release was issued on behalf of the news source by Send2Press® Newswire, a service of Neotrope®. View all current news at: http://Send2PressNewswire.com .

“The problem of ‘false positives’ became a CONIX priority because we knew of banks and processors that were delaying decisions about duplicate payments detection,” said CONIX’s Managing Director of Sales, Steve Fortson. “Despite the risks and losses caused when a duplicate item posts to an account, the threat of creating and managing false positives with their legacy systems and manual procedures was understandably overwhelming.”

While “paying banks” have the option of providing updates to Dupe Detective from their outgoing returns system, this is not feasible for third party payment providers, such as banks processing correspondent cashletters or on-us items for other banks. Dupe Detective X9 Inspector solves this problem by automatically processing the X9 endorsement addendum records in the X9 files to identify the returned/re-presented status of incoming payments.

“Dupe Detective X9 Inspector is a significant addition to the family of payment processing solutions that CONIX has been building since 2006, each of which has quietly achieved implicit industry standard status,” said CONIX’s CEO, Mike Charles. “With each of its new offerings, CONIX has been ahead of the market in anticipating emerging payments options and their unanticipated consequences.”

A leading international provider of payment processing solutions to the financial services industry, CONIX is a proven innovator with its Dupe Detective, the duplicate detection solution used by more top 25 U.S. banks.

“Clearly, banks and payment processors understand that duplicates in the payments stream represent a multi-faceted threat, and consider their Day 1 identification as both a customer service priority and a fraud detection imperative,” said Fortson. “Some banks have hesitated to solve the duplicate payment dilemma because of the impact of ‘false positives.’”

“CONIX is helping banks and payment processors succeed in an era of proliferating payments options, including image item exchange, remote deposit capture, electronic transactions, and mobile device initiated transactions,” said Charles. “It has been our experience that once a bank or other payment processing operation realizes the benefits of Dupe Detective, they can’t recall how they ever operated without it. We’ve had success story after success story, and we are happy to share them with you.”

According to Charles, CONIX is uniquely qualified to intercept duplicates in Day 1 while keeping pace with high-volume Day 1 payment processing systems. CONIX has been providing Day 1 payments processing software and services to the top-tier financial institutions and payments processors for nearly two decades, developing and delivering to the industry server-based solutions that are unsurpassed in performance and quality.

“CONIX leads with its solutions because we listen closely to our customers,” he added.

About CONIX Systems, Inc.:
CONIX Systems, Inc. (www.CONIX.com) is a world leader in providing payment processing software and related services to the financial services industry. The company’s products perform key processing tasks for an estimated tens of billions in payments each year. CONIX software and services are used by approximately 80 percent of the largest U.S. banks. Its comprehensive solutions are simple to use in production and simple to maintain, guaranteeing high quality performance at the lowest cost.

CONIX has a reputation for driving innovation with its products. Dupe Detective prevents duplicate payments from all channels from posting to customer accounts. Fraud Detective™ accelerates exceptions processing into Day 1, significantly reducing fraud risk for institutions and their customers. Enterprise IRD™ enables comprehensive, high-volume IRD authoring across the enterprise.

Founded in 1992, the company is headquartered in Manchester, Vermont, with offices throughout the United States. For more information about CONIX Systems, Inc. and its products, call (800) 332-1899 or email info@conix.com .

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Trustmark is a subsidiary of Trustmark Corporation (NASDAQ:TRMK), a diversified financial services company with $9.6 billion in assets that provides banking, wealth management and insurance solutions. With 150 branch locations in Florida, Mississippi, Tennessee and Texas, Trustmark began implementation of its check clearing and remote branch capture processes more than six years ago when Check 21 became effective.

“Early on, Trustmark realized the significant benefits of centralized item capture and processing remote branch capture through image technology,” said Harold Winborne, First Vice President, Trustmark National Bank. “Since implementing remote branch capture throughout our four-state operation two years ago, we’ve eliminated air transportation and, even more significantly, reduced our courier costs.”

“The single biggest issue related to image processing has been the problem of duplicates. In fact, we almost immediately realized the need for a mechanism to identify duplicate transactions,” said Winborne. “Trustmark is entirely image-based, so even a small percentage of dupes represents a large number in a high-volume environment.”

According to Winborne, Trustmark’s yearlong research and due diligence led it to select Dupe Detective from CONIX Systems.

“We chose Dupe Detective primarily due to the fact that it matched our needs profile and is immediately available; we were also impressed by positive feedback on the solution from its other customers,” he said. “CONIX Systems has a reputation for standing behind its products and we believe this partnership will benefit Trustmark in the future.”

Trustmark expects the following operating benefits by implementing Dupe Detective:
• Catching duplicate items on the front end, prior to posting;
• Ensuring payment return decisions are correct; and
• Adjusting cash letters accurately.

“Trustmark National Bank’s selection of Dupe Detective supports its commitment to reducing operating costs on its expanding deposit base and focusing on customer loyalty,” said CONIX’s Managing Director of Sales, Steve Fortson. “Duplicate exception items, whether by error or fraud, are an unintended consequence of remote deposit capture and the rising popularity of mobile capture will intensify the issue.

“Because of Dupe Detective’s broad capabilities in handling all forms of payments, the bank’s risks are greatly reduced,” Fortson added.

About CONIX Systems, Inc.:
CONIX Systems, Inc. (www.CONIX.com) is a world leader in providing payment processing software and related services to the financial services industry. The company’s products perform key processing tasks for an estimated tens of billions in payments each year. CONIX software and services are used by approximately 80 percent of the largest U.S. banks. Its comprehensive solutions are simple to use in production and simple to maintain, guaranteeing high quality performance at the lowest cost.

CONIX has a reputation for driving innovation with products such as Dupe Detective™, which prevents duplicate payments from all channels from posting to customer accounts; Fraud Detective™, which accelerates exceptions processing into Day 1, significantly reducing fraud risk for institutions and their customers; and Enterprise IRD™, which enables comprehensive, high-volume IRD authoring across the enterprise.

Founded in 1992, the company is headquartered in Manchester, Vt., with offices throughout the United States. For more information about CONIX Systems, Inc. and its products call (800) 332-1899 or email info@conix.com .

About Trustmark Corporation:
Trustmark Corporation, with $9.6 billion in assets, is a diversified financial services company that provides banking, wealth management and insurance solutions through its subsidiaries, including Trustmark National Bank, Trustmark Investment Advisors, Inc., TRMK Risk Management, Inc., and Fisher Brown Bottrell Insurance, Inc. With locations in Florida, Mississippi, Tennessee and Texas, Trustmark has over 2,500 associates working to achieve outstanding customer satisfaction by understanding their customers’ needs and providing appropriate financial solutions.

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“Banks being on more stable ground clearly has set the stage for a period of strategic business redistribution in the industry. As a result, banks have not been spending as they may have wished on operations technology,” according to CONIX’s CEO, Mike Charles. “Even while banks have been restrained on technology investment for the last 18 – 24 months, technology development has continued to advance new types of payment options, including mobile payment innovations such as consumer check image deposits and contactless payments via credit and debit card chips embedded in Smartphone devices.”

“Banks are on the frontline as payment preference shifts away from credit card to debit account transactions,” observes CONIX’s Managing Director, Sales Steve Fortson. “The 2010 Federal Reserve Payments Study released earlier this month documents what our solutions have anticipated – a marked increase in payment options and the bank’s ability to integrate various payment channels.”

Debit account transactions, including mobile payments made via debit-linked Smartphone devices, present to banks in a format currently supported by the banks’ item processing platform. The new volume of debit transactions in item processing will create a natural, if entirely unintended consequence, of pumping up opportunities for fraud and duplicate items in all channels.

“Since technology projects favored for attention will include building out remote deposit capture and mobile payments applications, banks must also renew their investments in fraud prevention and acceleration of exception processing,” according to Charles.

“Merchant capture has gained a head of steam and will continue to gain adoption, clearing the way for banks and merchants alike to benefit from efficiencies in the payment stream,” said Fortson. “For banks, one of the real benefits is the decentralization of item processing operations. Commercial payments never shifted from checks, which drove the demand for RDC and banks’ deployment of branch item capture.”

Fortson concludes, “The necessity for processors to become more efficient will pique interest in ASP models that combine fraud detection, duplicate detection and IRD printing into a total processing utility that would share interbank payments information while preventing large investments of capital in software and hardware. These kinds of models could evolve into a self-policing, intelligence-gathering payment clearinghouse environment that could share interbank payments information.”

About CONIX Systems:
CONIX Systems, Inc. (www.CONIX.com) is a world leader in providing payment processing software and related services to the financial services industry. The company’s products perform key processing tasks for an estimated 100 billion paper and electronic items each year and handle virtually every aspect of payment processing – including work flow management, exception processing, early fraud detection, and image exchange. CONIX software and services are used by approximately 90 percent of the largest banks in the country. Founded in 1992, the company is headquartered in Manchester, Vt., with offices throughout the United States.

CONIX Systems is a Microsoft Gold Certified Partner and a member of IBM’s PartnerWorld for Developers.

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Using CONIX Systems’ iCONIX(TM) infrastructure, EIRD enables Symcor to convert X9.37 files into IRDs for various applications that still require printed representations of the payment to be presented. Applications include paper check exchange, statement enclosures, and others.

“We are delighted to be able to partner with Symcor as they bring valuable payments processing technology to the U.S. market,” said Frank Stokes, president of technology, CONIX Systems. “Symcor selected CONIX Systems’ EIRD solution because it can print large volumes of IRD documents reliably and accurately. EIRD will provide Symcor with the flexibility to furnish either electronic representations of the payment or a printed version to their customers.”

Peg Johnson, Vice President, Image Capture Services, Symcor U.S., said, “We required a system with high-volume IRD printing capability. Our largest U.S. customer needed the ability to produce a large volume of statement enclosures daily.” Johnson noted that CONIX’s EIRD solution provides the features Symcor needs and has a proven track record of providing highly reliable IRD printing for very large volumes. She added, “We were especially pleased with CONIX’s ahead-of-schedule delivery and professional services that helped our team achieve the delivery date.”

Stokes added, “The demands on an IRD printing system can be quite significant. EIRD processes higher volumes than any other IRD print solution in the industry. I believe this was a key reason why Symcor chose to partner with CONIX.”

About CONIX Systems:

CONIX Systems Inc. (www.conix.com) is a world leader in providing payment processing software and related services to the financial services industry. The company’s products perform key processing tasks for an estimated 100 billion paper and electronic items each year and handle virtually every aspect of payment processing – including work flow management, exception processing, early fraud detection, and image exchange. CONIX software and services are used by approximately 90 percent of the largest banks in the country. Founded in 1992, the company is headquartered in Manchester, Vt., with offices throughout the United States.

CONIX Systems is a Microsoft Gold Certified Partner and a member of IBM’s PartnerWorld for Developers.

About Symcor:

Symcor Inc. is one of North America’s largest financial processing companies, providing the infrastructure services for transactions involving checks, lockboxes, and credit cards, as well as statement-to-payment services. Symcor’s common-platform processing solutions bridge the paper and electronic environments, enabling customers to cost-effectively streamline operations. Corporate offices are located in Toronto, Canada and Atlanta, Georgia.

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STORY REFERENCES: Symcor Inc. Selects CONIX Systems’ Enterprise IRD System to Print Image Replacement Documents (IRDs), Conix Systems, image replacement documents, Symcor, payment processing, EIRD, Frank Stokes, X9 37 files, Enterprise IRD, Peg Johnson, financial services industry, payment processing software and related services, iCONIX