SOURCE: 3i Infotech North America

3i Infotech North America

April 20, 2010 08:00 ET

3i Infotech Subsidiaries, Regulus Group and J&B Software, to Demonstrate How to Accelerate Cash Flow and Streamline Back-Office Infrastructure at NACHA Payments 2010

Companies to Exhibit in Booth #429

EDISON, NJ--(Marketwire - April 20, 2010) -  Regulus Group and J&B Software, subsidiaries of 3i Infotech North America, will demonstrate how to accelerate cash flow and streamline back-office processes in Booth #429 at NACHA Payments 2010. The event will be held April 25 through 28 at the Washington State Convention Center in Seattle.

"Companies of all sizes continue to wrestle with how to efficiently manage the multitude of billing and payment channels, from mobile to electronic to paper," said Jim McShea, chief revenue officer of 3i Infotech North America. "We offer a hybrid approach that includes in-house and outsourced components for the entire revenue chain, all from a single vendor. This allows us to deliver advanced, customized solutions while reducing management requirements for our customers."

Selected products on display include:

-- Mobile remote deposit capture, which allows users to make remote check deposits using smartphones. A software-as-a-service (SaaS) delivery model is now available. The SaaS model lowers overhead and speeds time to market.

-- The Transactions² (T²) Document and Remittance Processing Platform, which offers companies with large and complex billing and remittance activities unparalleled visibility, flexibility and control over every aspect of the revenue collection cycle. T² includes the View² Online Portal, a Web-based interface that provides access to the billing and payment data and processes contained within the system to accelerate transactional decision-making and enable users to quickly and easily monitor and control print and remittance processes.

-- eFLOW, an intelligent document recognition solution for capturing, recognizing, indexing and routing both structured and unstructured documents. eFLOW improves workforce productivity, reduces manual intervention, accelerates cash flow and reduces error rates.

About 3i Infotech

3i Infotech (www.3i-infotech.com) is one of India's leading IT companies and among the top 3 Indian Software Products Companies.* The Company provides software products, IT services (Managed IT Services, Application Software Development & Maintenance, Payment Services, Business Intelligence, Document Imaging & Digitization, Operations Outsourcing and IT Consulting) and BPO services for the BFS, Insurance, Manufacturing/Auto, Healthcare/Life Sciences and Retail & CPG Industry. The Company services customers in over 50 countries across 5 continents.

The Company's quality certifications include SEI CMMI Level 5 for Software business, ISO 9001:2000 for BPO, ISO/IEC 27001:2005 for Data Center Operations and ISO/IEC 20000-1:2005 for Data Center Management Services.

* Source: Dataquest, August 2009

About Regulus Group

Regulus Group is the premier provider of outsourced billing and payment services designed to accelerate cash, improve corporate productivity and reduce overall management costs. Our integrated approach to the payment lifecycle enables Regulus customers to outsource and automate their most resource-consuming billing and payment requirements while actually increasing control over the entire process. As the largest outsourced payment processor and one of the largest outsourced bill presentment providers in the United States, Regulus services over two billion paper and electronic transactions every year for companies in the telecom, insurance, finance, utility, and healthcare industries.

Regulus is a subsidiary of 3i Infotech. For more information, visit www.regulusgroup.com.

About J&B Software

J&B Software provides payment processing, imaging, electronic content management and capture solutions to businesses worldwide. The company works with over 160 industry leading organizations including regional and money center banks, insurance companies, mutual funds, credit card processors, brokerage, telecom, utilities, government, non-profit and commercial organizations. J&B Software's library of core applications and product modules utilize open architecture software and hardware platforms. The company's extensive application suite includes solutions for retail/wholesale lockbox, remote image capture, ARC/Check 21 electronic clearing, intelligent document recognition, healthcare EOB processing, full-page document management, transaction archive and online customer query. J&B Software is a winner of the TAWPI Hall of Fame Award for technology innovation and excellence and its 400+ employees are fully committed to improving the operational effectiveness and profitability our clients.

J&B Software is a subsidiary of 3i Infotech. For more information, visit www.JBSoftware.com or call 215-641-1500.

About NACHA

NACHA supports the growth of the ACH Network by managing its development, administration, and governance. The ACH Network facilitates global commerce by serving as a safe, efficient, ubiquitous, and high-quality electronic payment system. More than 15,000 depository financial institutions originated and received 18.2 billion ACH payments in 2008. NACHA represents nearly 11,000 financial institutions through 18 regional payments associations and direct membership. Through its industry councils and forums, NACHA brings together payments system stakeholder organizations to encourage the efficient utilization of the ACH Network and develop new ways to use the Network to benefit its diverse set of participants. To learn more, visit www.nacha.org, www.electronicpayments.org and www.payitgreen.org.

Disclaimer:

Except for the historical information contained herein, statements in this release, which contain words or phrases such as "will", "would", "expect", "believe", and similar expressions or variations of such expressions may constitute "forward-looking statements". These forward-looking statements involve a number of risks, uncertainties and other factors that could cause actual results to differ materially from those suggested by the forward-looking statements. These risks and uncertainties include, but are not limited to, the performance of the Indian economy and of the economies of our principal international markets, the performance of the industry sectors in which our clients are based, the performance of the information technology industry sector world-wide, competition, our ability to obtain statutory and regulatory approvals and to successfully implement our strategy, future levels of our growth and expansion in business, technological implementation, changes, advancements, and redundancies, the actual demand for software products and services, or the future potential or feasibility thereof, changes in revenue, income or cash flows, our market preferences and our exposure to market risks, as well as other risks. 3i Infotech undertakes no obligation to update forward-looking statements to reflect events or circumstances after the date thereof.

Contact Information

  • Press Contacts
    Ted Rossman
    New Venture Communications
    Email Contact
    914-432-7083

    Josh Wendroff
    3i Infotech, North America
    Email Contact
    213-216-1808