INTRIA announces a major milestone in its cheque image transformation

- INTRIA has successfully implemented all components of its cheque image solutions and has begun exchanging cheques electronically -

MISSISSAUGA, ON, Oct. 26, 2015 /CNW/ - Following a multi-year investment in cheque image transformation, INTRIA is pleased to announce that all core components of its image-based cheque processing platform have been implemented and are now fully operational.

Using the platform's innovative Image Exchange capabilities, INTRIA recently commenced clearing images of US cheques for CIBC's U.S. correspondent bank. This successful exchange confirms INTRIA's readiness to provide existing and prospective clients with image exchange services that will reduce costs and processing time.

"We have made major investments in our processing platform to ensure optimal efficiency and more convenient banking for clients," said INTRIA President Bob Bouey. "Our multi-channel image-based solutions are providing real value to our clients and are further strengthening our leadership position in Canada."

In support of modernizing the Canadian payments system, INTRIA will start migrating its clients from paper to Image Exchange with other Canadian banks over the next two years.

About INTRIA

INTRIA Items Inc. (INTRIA) provides integrated payment processing, including Remote Deposit Capture solutions, and Currency Management services to a wide range of clients in the financial, telecommunications, government and retail sectors. Over 450 million items are processed annually through a tightly integrated national network of highly secured processing centres optimized for digitized workflow. Established in 1996 and headquartered in Mississauga, Ontario, INTRIA is a wholly-owned subsidiary of the Canadian Imperial Bank of Commerce (CIBC), a leading North American financial institution with 11 million personal banking and business clients.

SOURCE INTRIA

For further information: Paul Maloney, Manager, Product Management & Communications, INTRIA, 905-502-4522, paul.maloney@intria.com

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