About BancTec (adapted from BancTec prospectus):
BancTec is a leading provider of payment processing, document and content processing and information technology ("IT") services, helping more than 2,000 clients in 50 countries simplify the management of their information, business processes and technology infrastructure. BancTec provides products and services that automate complex, high-volume, data-intensive business processes for the financial services, utilities, telecom, government, global outsourcing, manufacturing and healthcare industries.
BancTec services consists of hardware and software products, infrastructure services, turnkey on-site business solutions and business process outsourcing ("BPO") services, infrastructure services to the IT services industry, with focused deployment and ongoing support services for original equipment manufacturers ("OEMs") and IT outsourcing ("ITO") providers. Their offerings are built around core technology products and industry knowledge that we have developed over decades of working closely with our clients.
BancTec clients include ten of the largest commercial banks in the U.S., five of the largest banks in the U.K., one of the world's largest computer OEMs and two of the largest global ITO providers. They have direct sales coverage in 14 countries across North America and Europe. They also sell in emerging markets through resellers and distributors in 36 other countries throughout Asia, Latin America, the Middle East and Africa.
BancTec Sevices include:
This description is adapted from BancTec prospectus. This description is not intended to be a recommendation to buy stock from this company. To see the company's full description, view their prospectus..
- Payment Processing - The payment processing industry involves the capture, extraction, assessment and archive of financial data from all paper and electronic payments. They provide payment processing and outsourcing services, including check processing, remittance processing, and international payments and receivable processing.
- Document & Content Processing - The document and content processing industry involves the electronic capture of a variety of documents and forms combined with intelligent integration of the captured data or content into appropriate business applications. To enable their clients to comply with changing regulations and increase their ability to use information more effectively, BancTec provides products and services to simplify capturing, processing and archiving of information across the enterprise.
- IT Services - The IT services industry involves the support, maintenance and deployment of all IT assets, including hardware, such as computers, network equipment, servers, printers and other peripherals, that are integral components of IT infrastructures. BancTec clients outsource their maintenance and IT infrastructure services to BancTec, which enables them to better serve the needs of their customers.