News Column

Cummins Allison Canada Adds Cheque Processing Solutions to Growing Portfolio

February 27, 2014



MISSISSAUGA, Ontario--(BUSINESS WIRE)-- Cummins Allison, the leading innovator and provider of coin, currency and cheque handling solutions, today announced its expanded portfolio to include the full line of CTS LS series cheque scanning technology. This expansion now enables Cummins Allison to provide cheque scanning solutions in Canada.

The addition of the CTS LS series scanners provides a full range of scanning solutions for teller and back office capture, as well as Remote Deposit Capture (RDC) applications. The LS series is certified by all the major image software providers, allowing simple plug and play operation.

“Cummins Allison is excited about its agreement with CTS North America,” said James Stearns, executive vice president International, Cummins Allison. “The extension of our portfolio allows us to offer our customers in financial institutions a line of high quality, cost-effective solutions to streamline their deposit processing operations. In addition, as the Canadian market for commercial RDC evolves, we have solutions that can greatly increase client productivity for any type of application.”

“The partnership with Cummins Allison allows CTS North America to expand its footprint in both the United States and Canada,” said Glen Fossella, COO of CTS North America. “Their strength and reputation in the financial sector is unsurpassed and our partnership opens new avenues of growth for both companies.”

Four models of LS scanners are available ranging from a reduced footprint version for retail applications to full-featured, compact scanners for back office applications. The JetScan iFX complements this series by offering the ability to process large quantities of cash at speeds of up to 1,200 notes, including polymer, per minute.

For more information about cheque handling solutions, visit www.cumminsallison.ca.

About Cummins Allison

Cummins Allison is a global leader in developing solutions that quickly and efficiently count, sort and authenticate currency, cheques and coin. Our leadership in technology and product innovation spans more than 125 years. Cummins Allison serves the majority of financial institutions worldwide, as well as leading organizations in retail, gaming, law enforcement and government. Ninety-seven percent of our customers would recommend our products and services. The company holds more than 350 patents and invests double the industry average in R&D. Our world-class sales and service network includes hundreds of local representatives in more than 50 offices in North America, wholly-owned subsidiaries in Canada, the United Kingdom, Germany, France, Ireland and Australia and is represented in more than 70 countries around the world. For more information, visit www.cumminsallison.ca.





Cummins Allison Corp.

Carol Moore – Vice President Marketing

Tel: 847.759.6403

moorec@cumminsallison.com

or

Outlook Marketing Services, Inc.

Andrea Davis

Tel: 740-501-3609

andrea@outlookmarketingsrv.com

Source: Cummins Allison Corp.


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