CONIX Systems Announces ORBS-X

New payment balancing system to work across all imaging platforms
BAI TransPay
Booth #201

CONIX Systems Inc., a leading international provider of payment processing solutions to the financial services industry, announced today its latest solution for the payments industry, ORBS-X™, a next-generation bank payments balancing system.

ORBS-X is a Web-based solution designed to replace CONIX’s On-Line Reconcilement Banking System (ORBS®) balancing system, which is currently the predominant reconcilement system in use by the top 26 banks today. CPCS customers who are migrating to a server-based payments system need a reconcilement package with the functionality of their host-based ORBS system. ORBS-X, which is platform independent, can operate in any environment, across a scale of large to medium financial institutions. CONIX is also providing an “ORBS-Bridge” product that will enable its current customers who have chosen to move to IBM’s Payments Director the ability to continue balancing work using their existing host-based ORBS.

Additionally, ORBS-X features an automated workflow that enables greater control and prioritization. The system also uses easy-to-understand error codes that save operators time in resolving issues such as extra items, transpositions, debit/credit confusion, and misreads of large dollar amounts. Users can also build their own adjustment codes.

“We wanted to provide a migration path for our loyal ORBS customers,” said Frank Stokes, president of Technology for CONIX Systems. “With ORBS-X, we have developed a product that simplifies the balancing process and is able to run in any environment, while retaining the rock-solid reliability our ORBS customers have come to expect.”

About CONIX Systems

CONIX Systems Inc. is a world leader in providing payment processing software and related services to the financial services industry. The company’s products, in some form, touch or process an estimated 100 billion paper and electronic items each year and handle virtually every aspect of payment processing – including work flow management, balancing, branch capture, corporate capture, and electronic check presentment. 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 Center, Vt., with offices throughout the United States. For more information about CONIX and its products and services, please contact Frank Stokes, president, Technology Group, at 877-332-1842, email at rfs {at} conix(.)com, or visit the company’s Web site at www.conix.com.

Contacts

For CONIX Systems
Media Contact:
Cristi Murray
678-935-7135
or
Andy Payment
678-781-7222