Suncorp Group extends Unisys business processing contractsUnisys to continue providing payment processing services to leading Australian financial institution
SYDNEY, 3 February 2010 – Unisys Corporation (NYSE:UIS) today announced that Suncorp Group has extended two long-term business processing contracts with Australian subsidiary Unisys Payment Services Ltd (UPSL).
The extensions reflect Suncorp’s continued confidence in Unisys services to provide efficient back-end processing that helps improve the customer experience offered by the bank.
The Suncorp Group is Australia's fifth largest bank and the largest general insurance group by gross written premium. It provides banking, insurance, investment and superannuation products and services to retail customers and small-to-medium-sized businesses.
Under the two contract extensions, Unisys will continue to provide Suncorp’s banking and insurance operations with cheque processing services for a further two years and direct entry electronic payments for a further three years. The services are provided to Suncorp nationally from the UPSL centres in Sydney, Perth, Brisbane, Melbourne and Adelaide.
Since 2001, UPSL has processed approximately 68 million cheque, direct debit and credit payment transactions annually for Suncorp, hosted the financial institution’s payment system for electronic cheque image archive and retrieval, and provided Suncorp with settlement and clearing services.
Suncorp Bank General Manager Terry Wasmund said: “Having Unisys provide these services allows us to focus on other core areas of our business, knowing that back-end payments are being processed in an efficient and cost-effective manner.”
Rafe Kruger, general manager, Business Process Outsourcing, Unisys Asia Pacific, said: “Unisys is proud that Suncorp has chosen to extend its relationship with UPSL. Through a customised service offering, Unisys has assisted Suncorp to accelerate processing times and automate payments operations over the past eight years, delivering an improved experience to its customers.”
Unisys has a strong reputation for delivering high-quality services, including payment processing and mortgage processing, in Australia and across the Asia Pacific region. Financial institutions that rely on Unisys services include RHG Home Loans, RAMS Home Loans and Australia Post in Australia, as well as Maybank, RHB Bank, Citibank and CIMB Bank in Asia.
About Unisys Asia Pacific
In Asia Pacific, Unisys delivers services and solutions through subsidiaries in Australia, New Zealand, China, Hong Kong, India, Korea, Malaysia, the Philippines, and Singapore and through distributors or resellers in other countries in the region. For more information, visit www.unisys.com.
Follow us on www.twitter.com/UnisysAPAC.
About Unisys
Unisys is a worldwide information technology company. We provide a portfolio of IT services, software, and technology that solves critical problems for clients. We specialize in helping clients secure their operations, increase the efficiency and utilization of their data centers, enhance support to their end users and constituents, and modernize their enterprise applications. To provide these services and solutions, we bring together offerings and capabilities in outsourcing services, systems integration and consulting services, infrastructure services, maintenance services, and high-end server technology. With more than 26,000 employees, Unisys serves commercial organizations and government agencies throughout the world. For more information, visit www.unisys.com . Unisys is a registered trademark of Unisys Corporation. All other brands and products referenced herein are acknowledged to be trademarks or registered trademarks of their respective holders.
Forward Looking Statements
Any statements contained in this release that are not historical facts are forward looking statements as defined in the Private Securities Litigation Reform Act 1995. All forward-looking statements rely on assumptions and are subject to various risks and uncertainties that could cause actual results to differ materially from expectations. In particular, statements in this release regarding the duration of the contract extension is based upon assumptions regarding performance of the contract extensions continuing for their full term. Because the agreement is terminable before the end of the term by Suncorp, the duration of the engagement is not guaranteed. Additional discussion of factors that could affect Unisys future results is contained in periodic filings with the Securities and Exchange Commission
Contact
Claire Hosegood, Unisys, +61 (0) 411 2563 663
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