FISC Expands Check Clearing Network

Lewiston, ME, January 07, 2009 --(PR.com)-- FISC Solutions announces the expansion of their image clearing network, FISClearing, to include an “on-we” exchange and direct send exchange with well over 100 credit unions in New England.

FISClearing allows check processing clients to substantially reduce check clearing fees and receive 100 percent immediate (next day) availability on all cash letter items.

Over 95% of items processed by FISC are cleared through FISClearing.

In addition to the external exchange partners, FISC began internally exchanging checks between FISC clients in December 2008, marking the start of their “on-we” network.

“By offering an “on-we” network and more direct send options, FISC continues to enhance its FISClearing service through price reduction and improved availability”, said Jill Parker, Senior Vice President, Operations.

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About FISC
Headquartered in Lewiston, Maine with offices in Portsmouth, New Hampshire, FISC has provided services and solutions to financial institutions, corporations and non-profits for more than 30 years. The company designs and implements full-service outsourcing solutions that make the operations of financial, insurance, government, not-for-profit, and other organizations more efficient and more affordable. FISC’s core services include item processing and electronic clearing, software solutions, loan servicing, lockbox and disaster recovery services. In addition, FISC offers comprehensive statement and invoice printing, delivery, design and management. For more information, visit www.fiscsolutions.com or call 1.888.433.4924.