Check 21 - Longer Term Considerations

Topics:
Commercial Banking
Tags:
Bank,
Check 21,
Finance,
Financial Services,
Image,
Operational Accounting,
Revenue
Source:
J&B Software

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Overview: Most financial institutions generate a substantial portion of their non-interest income from transaction accounts. Banks and credit unions need to prepare for declining revenue sources from overdraft protection, stop payment, check orders and other charges. Generally speaking, the greater the reliance on revenues generated by checks and check transactions, the more important it will be to assess the likely impact on your institution. Check 21 lets banks greatly streamline this process. They can create images of checks as soon as they are deposited in the branch, and transmit images instead of paper.

(Is this item miscategorized? Does it need more tags? Let us know.)

Format: PDF | Size: 154KB | Date: Mar 2004 | Pages: 4

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