PLYMOUTH, Mich. –   Burroughs Payment Systems has entered into a Master Dealer Distribution Agreement with Silver Bullet Technology to sell, support, and distribute its EZ-ACT™ ATM Automation Software.   The EZ-ACT Software will be available to Burroughs’ authorized resellers and end clients in conjunction with ATM product and services sales, according to Larry McCarter, Senior Vice President – Customer Services, Burroughs Payment Systems.

The EZ-ACT solution, co-developed by Silver Bullet Technology and ABC Coin, allows banks to plug check image ATMs into their existing deposit-processing software.  It allows banks to leverage their existing software and dramatically reduces the labor required to process checks and cash deposited at ATMs, according to McCarter.

“Built on a long standing partnership between Burroughs and Silver Bullet that has delivered check automation to the marketplace” said McCarter.  “EZ-ACT provides an efficient, cost effective deposit solution backed by the excellent customer support our customers enjoy.”

Bryan Clark, CEO, Silver Bullet, said, “Before EZ-ACT was developed, the integration of check image ATMs was a risky business.  By leveraging their existing deposit-processing software, banks and credit unions are no longer exposed to the risks and high costs associated with developing custom software.”
 

About Burroughs Payment Systems
Burroughs is a Plymouth, Mich.-based global provider of document and payment processing image technology, cash automation solutions and services to financial institutions and retailers. The company’s products provide banks and commercial customers with safe, secure and prompt document and cash processing which improves operational efficiencies and payment security.  With more than 100 years of history, Burroughs is recognized as the industry leader in image processing technology from web-enabled branch and merchant capture devices to high-speed reader/sorters in some of the largest payment processing centers worldwide.

For more information, please visit www.burroughs.com.

About Silver Bullet and ABC Coin
Silver Bullet (www.sbullet.com) is recognized as the foremost expert in the use of check scanners to automate deposit processing.  ABC Coin (www.abccoin.com) is one of the largest independent distributors of coin and currency handling equipment in the United States.  ABC Coin focuses on self-service machines and branch automation.

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Media Contact:

Jeff Caponigro, (248) 353-3270�
jcap@caponigro.com

Frisco, TX., September 10, 2010 – ABC Coin, Inc., partnering with Silver Bullet Technology announced today the release of its newest software product, EZ-ACT (EZ Automatic Check Transfer.) Now, small to medium sized Financial Institutions can afford to offer the same service and convenience as the “Big” Banks, with the ability to deposit checks at the ATM.

The EZ-ACT solution provides a universal, automated process for handling the checks deposited at one of the new envelope-free ATMs. Developed jointly by ABC Coin and Silver Bullet, EZ-ACT is considerably more cost effective than utilizing either existing labor to manually retrieve and process the checks or the daunting task and expense of developing a custom integration. More importantly, EZ-ACT gives Banks and Credit Unions the advantage of utilizing their existing investment in check imaging hardware and software. This results in the financial institution remaining consistent in their operational processes, saving both time and money. EZ-ACT is a simple, efficient and effective solution.
“Deposit Automation has been adopted and advertised by the large banks for some time now. The hardware has been available to the small and midsized financial institutions, but until EZ-ACT, the cost of integration to effectively process the checks was prohibitive for most financial institutions,” said Jim Fox, Owner of ABC Coin. “EZ-ACT will give the banks and credit unions we serve the ability to compete with the big banks.” With EZ-ACT there are no additional hardware requirements, training is done in minutes, not days, and the installation takes less than two hours. EZ-ACT with its “plug-and-play” integration provides a solution to the high cost, confusion and difficulty of processing checks deposited at ATMs. Patent Pending.

About ABC Coin, Inc.
Frisco, TX based ABC Coin is a technology developer and one of the largest independent distributors of coin and currency handling equipment in the US. ABC Coin serves a broad market including financial institutions, retail, vending, and CIT companies. Dedicated to providing the innovative solutions needed to accommodate the evolving needs of their customers, ABC Coin’s focus is on Self Service Machines and Branch Automation. For more information, visit ABC Coin website.

About Silver Bullet Technology
Pensacola, FL based Silver Bullet Technology is a recognized expert in check scanner software development, resulting in a global reputation for providing advanced Check 21 tools and impeccable technical support and services. Silver Bullet works directly with financial institutions, scanner manufacturers and software vendors to make check scanners plug-and-play compatible with existing software solutions. For more information, visit Silver Bullet website.