1Q Panini Snippets Newsletter - 2006
Table of Contents
"Panini would like to announce the transition from our monthly Panini Snippets Newsletter to a new quarterly format. This newsletter includes expanded content and will be distributed to a wide range of stakeholders," says Dave Youngerman. "We welcome your feedback and look forward to another great year!"
Founded in 1945 in Turin, Italy, Panini S.p.A, parent company to Panini North America, celebrates over 60 years of success in enabling clients to capitalize on shifts in the payment processing market. In a recent Italian article posted by the national press (La’ Stampa’- November 12, 2005) Panini was hailed as a model of a dynamic, competitive company attentive to its customers all over the world. 
Congratulations to New Wave Technologies as they continue to grow their My Vision X sales.www.newwavetech.com
RDM Corporation continues to deliver Panini My Vision X distributed image capture applications. www.rdmcorp.com
Panini North America has released our 2006 Pricing Letter. Please note, there have been updates to the pricing letter since its original release. The updates include a reduction in Panini My Vision X Hardware and Software Maintenance Pricing and the addition of My Vision X Parts Numbers. To ensure that you have the latest pricing, please reference the revision date of January 23, 2006, illustrated in the screenshot above in red. It can be located below the original release date of December 1, 2005. If you would like a copy of the latest pricing letter, contact Angie De Jesus angie.wagner-dejesus@panini.com.
The My Vision X Extended Feeder is designed to facilitate the accurate handling of various document lengths including personal and business size checks.As of September 2005, the Extended Feeder on the Panini My Vision X is being shipped with all units. If you currently do not have an extended feeder and would like to purchase, please reference part # AF-00125-EXT or contact your Panini Representative today!
2006 will be a breakthrough year for image exchange/share. Celent expects the percentage of checks that are sent and received electronically will reach 18% in 2006 and grow to 56% by 2007.Just like Rome, check image exchange/share is not being built in a day. The cornerstones falling into place today are the result of enormous effort. In the report, Check Image Exchange: Roads to Rome, Celent analyzes the drivers of this new check image empire.
The majority of banks have not started down the road to image exchange/share for cost-related reasons. But several factors will lead them to beat a path. They will hit several roadblocks if they stick with paper processing: unsustainable rising costs—particularly from rising costs of air transportation and the eventual need to refresh their check processing technology. They will find some major cost benefits from moving to image-based processing, largely driven by the network effect, increasingly visible across image exchange/ share infrastructures. Moreover, any investment in check image processing today will pay off because the check will be around for at least another decade. Celent estimates that in 2010, there will still be around 19 billion checks being processed.
"The biggest cost specter over banks sticking with paper check processing is in air transportation. As top tier banks pull volume out of the transportation network over the next 12 to 18 months, costs will rise sharply. Red flags have already been raised," says Alenka Grealish, author of the report and manager of the banking group at Celent. "Regardless of how a bank is processing checks today, it will end up clearing and settling the majority of its checks via image exchange/share. By 2010, nearly 90% of transit items will be electronically cleared and settled," she adds.
Panini has made available a Customer Case Study CD including Key Bank and First Horizon Bank, in both video and written (PDF) format. Please reference these case studies as valuable sales and marketing tools for your organization. For a copy of the CD, please contact Angie De Jesus angie.wagner-dejesus@panini.com
The Customer Case Studies can also be downloaded from our website: www.paninina.com/news/case_studies.php
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