ERAS has entered 5-year contract to be the provider of check-imaging and processing services for The International Bank of Miami (TIBOM)
Through this agreement, TIBOM will utilize ERAS for image item processing services, backroom services, and image item capture & transmission services. The software products involved that are necessary to implement these services include the entire iCheck and iStat series, which are used for check and statement imaging, respectively; ImageEIP, for processing/imaging exceptions; iCOLD, which is a document archiving solution that stands for Computer Imaging to Laser Disc; iSign, browser-based signature verification; iReturn, for processing returns; and iDoc, a document imaging and archiving tool. TIBOM is a 99.7% wholly owned subsidiary of International Bancorp of Miami, Inc. with total assets of $1 Billion. The Bank provides domestic and international financial services in the areas of correspondent banking, personal financial services, branch administration, real estate loans, and commercial banking. About ERAS
Miami-based ERAS provides state-of-the-art software systems and solutions to the financial services industries. ERAS was formed for the express purpose of offering a new generation of integrated, easy to use banking software applications. ERAS also offers image item processing, payment processing, document imaging, application/site hosting and technical support services. ERAS' comprehensive imaging solution suite is made up of 23 modules that enable users to manage the system directly while requiring a minimum amount of technical support or intervention. ERAS' solutions provide banks with powerful browser-based, cross-platform core data processing systems and tools to help banks jumpstart profitability, improve efficiency and reduce overhead. For more information about ERAS, visit www.erasjv.com or email sales@erasjv.com . About The International Bank of Miami
The International Bank of Miami, NA ("TIBOM") is an intrastate commercial bank founded in 1964 and headquartered in Miami, Florida. TIBOM is one of the largest independent banks in South Florida. The Bank has been providing quality banking services and products in Florida, Central America and the Caribbean for over 40 years. The Bank is a recognized leader in South Florida commercial and real estate lending as well as correspondent banking. In certain markets, such as Small Business Administration lending in South Florida and correspondent banking in Central America/Caribbean region, the Bank is one of the principal market participants.For more information visit http://www.tibom.com
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