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DTCC Picks Vendors For Distribution System Project

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NU Online News Service, June 19, 2003, 4:43 p.m. EDT – The Depository Trust & Clearing Corp., New York, says Examination Management Services Inc., Dallas, and Internet Pipeline Inc., Exton, Pa., will be helping to put together the new DTCC insurance and annuity distribution system.

DTCC, which will be supplying the host computers and running the data networks, hopes to begin testing the system in the field by Sept. 30.

Examination Management will be responsible for screening life applicants over the telephone, scheduling paramedic visits, and ordering attending physician statements, credit reports and motor vehicle checks.

Internet Pipeline will contribute the use of its MyAssistant application fulfillment system, DTCC says.

DTCC previously announced that it will be working on the distribution system project with BISYS Group Inc., New York. BISYS will be supplying case management, case tracking, agent licensing and agent education services, DTCC says.