New Contract Win (8011L)
05 August 2011 - 4:00PM
UK Regulatory
TIDMSNS
RNS Number : 8011L
Silanis International Limited
05 August 2011
RNS Release 5 August 2011
Silanis International Limited (the "Company") announces a
leading United States bank affiliate selects Silanis' e-Sign
Enterprise Platform
The Company (AIM:SNS) announced today that a U.S. based bank has
selected Silanis Technology Inc. ("Silanis") to meet the e-signing
needs for its Merchant Services subsidiary.
The solution will initially be implemented to support
e-signatures for an online application process offered in
conjunction with one of the company's sales channels. Silanis'
e-Sign Enterprise Platform will leverage 3(rd) party authentication
technology to efficiently and securely onboard customers over the
web.
Citing industry leading systems excellence and processing
capacity, sophisticated fraud control and risk management, and
customer service as its strengths, the Merchant Services provider
selected Silanis' Electronic Signature Process Management ("ESPM")
solution as the best fit for both the initial application and to
accommodate long-term growth. Under its software license with
Silanis, the provider will be able to expand its deployment of ESPM
across its business as needed.
"On the heels of our second and third top 10 North American bank
wins announced thus far in 2011, we are extremely pleased to see
our lead in the enterprise space extended." says Tommy
Petrogiannis, Chief Executive Officer and co-founder of Silanis.
"This competitive win further demonstrates that banks, insurers and
financial service providers alike value our robust and trusted
enterprise-class solutions."
In the fiercely competitive credit services industry, the
ability to close new merchants as quickly as possible is a priority
for payment processors, acquirers and service providers.
Straight-through processing, enabled by electronic signatures, will
significantly shorten the time to get new merchants set up and
transacting.
About Silanis
Silanis' solutions have processed hundreds of millions of
e-signatures since the company was founded in 1992 (50 million in
2010 alone), making it the most widely used e-signature solution.
The world's largest insurance and financial services companies,
government agencies, and service providers depend on Silanis to
accelerate business transactions and reduce costs while improving
compliance with legal and regulatory requirements. The company's
on-premise, cloud and SaaS e-signature solutions eliminate manual,
paper-based processing to enable e-commerce and e-government
transactions to be executed fully electronically from start to
finish.
For further details, please contact:
Silanis International Limited Tel: +1 514 337 5255
Tommy Petrogiannis, Chief Executive
Officer
Canaccord Genuity Limited Tel: +44 (0) 20 7050
Mark Williams 6500
This information is provided by RNS
The company news service from the London Stock Exchange
END
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