Ease-of-use, availability and willingness of merchants to accept cheques are all contributing factors to their continued use, and electronic cheque imaging is an excellent method of improving operational efficiencies while reducing risk and the time it takes to process deposits.
Embracing Branch Capture and RDC
For financial institutions, the desire to reduce fixed costs, along with mandates from the
For merchants and other businesses, remote deposit capture (RDC) is still an up-an-coming concept. Electronic imaging allows these businesses to automate cheque processing, eliminating time-consuming and tedious manual process, as well as errors. Additionally, deposits can be prepared and delivered to the organizationís financial institutions faster and more accurately.
Streamlining Paper-Based Payment Processing with the Right Equipment
While the benefits of branch capture and RDC are clear, they can be lost if the right equipment is not deployed. Selecting advanced cheque scanners that are feature-rich, as well as hard-wearing and backed by excellent service, is essential.
Todayís advanced cheque scanners are equipped with standard options like physical endorsing and franking, but can also be used for ID scanning and magnetic stripe reading. A cheque scanner that is future-ready and offers multiple capabilities, beyond basic scanning, also ensures a much better return on investment.
A range of Cummins Allisonís cheque scanning equipment will be on display at booth #20 during the 2014
1Examining Canadian Payment Methods and Trends;
Tel: (312) 957-8905
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