Unisys Case Study: Barclays & Lloyds TSB

Overview

Major banks want to save money in processing a huge, but declining, volume of checks. To address the challenges of the payment industry in the 21st century, Unisys and its partners have formed Intelligent Processing Solutions Ltd. (iPSL). The company is 51% owned by Unisys, with Barclays and LloydsTSB each holding a 24.5% stake. Run as a separate commercial business, iPSL's primary business is the provision of check processing services to financial institutions.