Making a Statement - How Banks Approach Check 21 Can Transform Long-term Performance

Topics:
Commercial Banking
Tags:
Accenture Ltd.,
Managerial Accounting,
Imaging,
Financial Services,
Finance,
Enterprise Software,
Document Management,
Check 21,
Bank,
Software
Source:
Accenture

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Overview: Check 21 offers substantial economic benefits to the system as a whole, to banks individually and ultimately to customers. Banks investing in imaging technology can reduce operating costs by as much as one third because they will no longer need to handle, transport and present paper checks. Analysts expect the overwhelming majority of banks will take the leap into imaging and image exchange capabilities to remain competitive in providing demand deposit account (DDA) based check services to corporate and consumer customers.

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