Press Release
FinTech 100 Ranks VICOR Among the Top Financial Technology
Providers Worldwide for the Second Consecutive Year
Contact: Bob Murphy
VICOR, Inc.
510-621-2047
RICHMOND, CA, November 8, 2005 – VICOR, Inc.,
the leading provider of solutions that optimize the
processing of complex payments for businesses and financial
institutions, today announced that for the second consecutive
year it has been ranked among the top 100 global technology
and services providers to the financial industry by
the prestigious FinTech 100, published by American Banker
and Financial Insights (an IDC Company). Thousands of
large and important companies actively sought inclusion
on the FinTech 100. VICOR is one of the elite companies
to have been chosen – reinforcing its position
as one of the top global providers of technology to
the financial services industry.
“Some of the largest, most sophisticated and
demanding financial institutions rely on VICOR for complex
payment processing solutions,” said VICOR President
and CEO Bob Kirk. “Being recognized by the FinTech
100 for the second consecutive year is further validation
of the value and expertise VICOR brings to the complex
world of enterprise payment processing. Whether it is
wholesale or retail receivables processing, Check 21,
government forms processing, healthcare processing,
or business-to-business ePayments, our solutions help
financial institutions and businesses reduce costs,
gain operational efficiencies, save time and money,
grow revenues and attract new customers.”
VICOR’s continued success has resulted from the
execution against two major strategic initiatives, specifically:
growth in the Receivables market segment through new
customer acquisition, and by successfully entering new
markets via new products and partnerships. VICOR showcased
the first phase of new product offerings within this
initiative – remote image capture and image quality
and usability assurance – this past summer. Additional
product and partner initiatives are planned in the coming
months. Like its existing solutions, these new products
will allow financial institutions and businesses to
better manage payment processing in a blended world
of paper and electronic transactions.
Developed by American Banker and Financial Insights,
the FinTech 100 is the most comprehensive company ranking
within the financial services industry. The ranking
of top companies is categorized and evaluated based
on fiscal year end revenues and the percentage of revenues
attributed to financial services. The popularity of
the ranking and the awareness it has generated has substantially
increased since its introduction last year. The ranking
is contained in a special report published in today’s
issue of American Banker.
About VICOR, Inc.
VICOR is the leading provider of solutions that optimize
the processing of complex payments for businesses and
financial institutions. By managing multiple payment
types and formats across diverse distribution channels,
VICOR helps financial institutions and businesses save
time and money, attract new customers, generate revenue,
and leverage existing technologies. VICOR Solutions
processed over 180 million transactions in 2004, representing
more than $1.1 trillion. VICOR is headquartered in Richmond,
CA. For more information, contact 510-621-2000 or visit
www.vicor.com.
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