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FTC ANNOUNCES ACQUISITION OF
UNITED RECOVERY SERVICES
First Technology Capital, Inc.(“FTC”) today
announced that they had signed a sales agreement to purchase all of the
business assets of United Recovery Services (“URS”), a division of
United Computer Capital Corporation (UCCC). URS, located in Cherry Hill,
New Jersey, is one of the nations leading providers of Business Continuity
Services for both item and remittance processing. URS’s New Jersey
Recovery Facility contains all of the equipment and infrastructure
necessary to allow a financial institution to recreate their
production-processing environment at URS’s site in the event of a
disaster or outage at their production facility. Mr. James Bates,
President of FTC, stated “With hundreds of billions of dollars flowing
through the item and remittance processing facilities daily, financial
institutions cannot afford to be without the capability to process those
transactions in a timely fashion”. Mr. Bates went on to say,” There
are also government regulations like Check 21 that require financial
organizations to take the necessary steps to ensure the continuity of
services in the event of some form of outage at the production processing
site”.
The site in New Jersey will provide a logical
extension of FTC’s current recovery capabilities located both at one of
their sites in Phoenix, Arizona and in partnership with a major disaster
recovery supplier at a site in Atlanta, Georgia. “The ability to
accommodate multiple customers in the event of a multiple disaster or a
regional outage has always been of great importance to the financial
community when choosing a recovery supplier” quoted Mr. Bates. “The
addition of
Cherry Hill
to our inventory of facilities only strengthens our ability to accommodate
multiple, simultaneous outages within our customer base”.
About First
Technology Capital, Inc.
FTC, organized in 1990, is currently the world’s
largest provider and lessor of secondary market MICR equipment to the
financial industry. FTC buys, sells, and leases
new, used and refurbished banking equipment manufactured by IBM, Unisys,
NCR, BancTec and others. In addition to the MICR services, FTC offers a
comprehensive array of Business Continuity Services aimed at the financial
services industry. This
offering provides financial institutions with comprehensive recovery back
up for its check processing operation and it allows total subscriber
control over the item processing operation. Corporate offices are located
in Versailles, Kentucky with additional sales and service offices in
Chicago, Atlanta, New York, Phoenix, and, Florida.
First
Technology Capital, Inc.
Contact Information
P.O. Box
804 Beth A. Masingill
Versailles
,
KY
40383
Marketing Support Rep.
USA
: 1-859–873–9905
USA : 1–800–382–3890
Email: FTC3890@FTC-US.COM USA
: 1-859–873–9905
www.FTC-US.com
UK : 0–800–96–8782
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