A Consultative Approach to Check Truncation & Image Exchange

Topics:
Commercial Banking
Tags:
Advanced Financial Solutions Inc.,
Management,
Industry,
Financial Services,
Financial Company,
Financial Accounting,
Financial,
Finance,
Check 21,
Strategy
Source:
Advanced Financial Solutions

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Overview: Conditions in the financial services industry are changing dramatically. New landmark legislation and check electronification and conversion initiatives are contributing to the industry's overall decline in paper check volume. With the volume of paper-check processing in decline it is imperative for financial institutions to optimize their payments and reduce their "cost per transaction." While technology gallops ahead, some financial institutions find themselves lagging behind. With the provisions of the Check 21 Act going into effect in October 2004, it is imperative for financial institutions to put together an aggressive strategy that will identify all the potential benefits and challenges that these historic changes are ushering in.

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Format: PDF | Size: 73KB | Date: Jun 2004 | Pages: 4

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