KING OF PRUSSIA, Pa.--(EON: Enhanced Online News)--Keane, the number one provider of unclaimed property communications, compliance, and consulting services in the country, today announced it has signed an agreement with DST Systems, Inc. to utilize the global provider’s technology for payment processing and check printing.
“In our industry, we encounter numerous companies needing assistance in managing large volumes of un-cashed checks that result from rebates, vendor items, and other disbursements”
The relationship with DST Systems, which currently provides payment processing technology to over 120 financial service companies, will increase Keane’s check reissuance capacity to support growing demand for the service.
The outsourced payment functions complement Keane’s existing unclaimed property solutions, including unclaimed property consulting, unclaimed property reporting, and customized communication services.
“In our industry, we encounter numerous companies needing assistance in managing large volumes of un-cashed checks that result from rebates, vendor items, and other disbursements,” said Nick Nichols, Keane’s Chief Operating Officer. “We’re confident that DST’s payment processing technology will combine with our successful outreach programs to provide these companies with significant new efficiencies.”
Keane’s clients currently have the ability to completely outsource the management of un-cashed items, from time of issue until escheatment, eliminating the time-consuming efforts of tracking, re-issuance and escheatment. The software provided by DST Systems is expected to improve the efficiency and flexibility of the payment process while providing a scalable, expanded service offering.
Keane is the country’s leading provider of comprehensive unclaimed property solutions. From customized communication programs to in-depth consulting and annual compliance outsourcing, Keane provides corporations, mutual funds, banks, brokerages, insurance companies and transfer agents with a full suite of professional services. Keane employs more than 200 people across the country in its New York, NY headquarters, main operating facility in King of Prussia, PA, and various satellite offices. For more information on Keane, please visit www.KeaneUP.com.
About DST Systems
DST Systems, Inc. is a leading provider of information processing and software services and products to companies around the world. The largest provider of third-party shareholder recordkeeping services to the mutual fund industry, DST through its global enterprise also delivers strategically unified business, communications, and process management solutions to the asset management, brokerage, retirement, insurance, and healthcare markets. Headquartered in Kansas City, MO., DST is a publicly-traded company on the New York Stock Exchange. For more information, visit www.dstsystems.com.