Finance

Fast-growing FirstBank Puerto Rico reduced hourly payroll costs and took control of time and attendance with Ingersoll Rand Recognition Systems HandPunch® terminals. Read more...

January 28, 2004 -- CAMPBELL, CALIF. – January 28, 2004 – Ingersoll Rand Recognition Systems, the biometric time & attendance component of Ingersoll Rand’s (IR) Security Technologies' Electronic Access Control Division (EACD), today announced that Caribbean-based FirstBank Puerto Rico is currently using 108 HandPunch terminals in 100 FirstBank locations, including bank branches, corporate headquarters and affiliated businesses in Puerto Rico, the Virgin Islands and Tortola to eliminate timecard fraud and limit unauthorized overtime for its 1,700-plus hourly employees, recording over 10,000 transactions per workday. Read more...