Unisys Helps Enhance Check Processing at the People’s Bank of China with First-Ever Digital Signature Capability
Unisys document-processing solutions help lay foundation for check truncation
Beijing, August 10, 2006 – Unisys Corporation (NYSE: UIS) today announced that the Tianjin Payment Document Clearing and Settlement Center (Center) of the People’s Bank of China (PBOC) signed a contract to acquire and deploy the Unisys check processing system.
The project includes Unisys Network Document Processor (NDP) solutions with a built-in digital signature function that represents the first application of its kind in China, laying the foundation for secured image exchange and check truncation capabilities.
The Center intends the solutions to replace its legacy check clearing system, and plans to integrate new technology with a range of existing applications.
Under the terms of the agreement, the Tianjin Branch Payment Document Clearing and Settlement Center will deploy multiple Unisys high-speed NDP1150 and tabletop Source NDP document processing systems, along with application software. The new configurations will support its regional check processing operation in Tianjin as well as check transfer processing for the Beijing and Langfang operations of PBOC.
The NDP1150 can be upgraded easily and the deployment at the Tianjin Branch Settlement Center can be flexibly scaled to meet the Center’s future growth requirements.
A contract signing ceremony was held in Tianjin and officiated by Madam Lu Fen, director of PBOC Tianjin Payment Document Clearing and Settlement Center, and Mr. David Wu, partner and general manager of Global Financial Services for Unisys in China.
“Our Center is a pioneer in adopting state-of-the-art technologies to improve our efficiencies. We have been examining the clearing systems of a few domestic and overseas banks. We also have compared the offerings of a couple of leading vendors and are convinced that the NDP series and comprehensive check processing system from Unisys is the best appropriate solution of choice for building our next-generation capabilities in this area,” said Madam Lu.
“Unisys is pleased that the Tianjin Payment Document Clearing and Settlement Center of PBOC has selected us for this important assignment. The Unisys NDP family offers unrivalled functionality, performance, compatibility, robustness and scalability. Unisys believes that this project with PBOC will be an excellent showcase for how the local banking sector can leverage best-in-class technologies to raise the bar for operational efficiencies,” said Mr. Wu of Unisys.
The People’s Bank of China (PBOC) was established in 1948 through the consolidation of the former Huabei Bank, Beihai Bank and Xibei Farmer Bank. In 1983, the State Council promulgated that PBOC would function as the central bank of China. Its central bank status was legally confirmed in 1995 by the Third Plenum of the Eighth National People’s Congress. In 2003, the Standing Committee of the Tenth National People’s Congress approved the law amendment for strengthening the role of PBOC in the making and implementation of monetary policy for safeguarding the overall financial stability and provision of financial services. For more information, visit www.pbc.gov.cn.
Tianjin Payment Document Clearing and Settlement Center
The Tianjin Payment Document Clearing and Settlement Center of the PBOC undertakes the bills settlement and clearing responsibilities of the bank in Tianjin and its nearby districts. Built on its automated clearing and settlement system, the center has further developed complementary modules for bill handling, document and bill information exchange. It pioneered the country by deploying an integrated automated clearing and settlement system for local and foreign currencies.
Unisys is a worldwide technology services and solutions company. Our consultants apply Unisys expertise in consulting, systems integration, outsourcing, infrastructure, and server technology to help our clients achieve secure business operations. We build more secure organizations by creating visibility into clients’ business operations. Leveraging Unisys 3D Visible Enterprise, we make visible the impact of their decisions – ahead of investments, opportunities and risks. For more information, visit www.unisys.com.
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