Imaging technologies spending in finance and banking

Summary:Banks are replacing paper-clogged, check-clearing systems with electronic-imaging networks, saving an estimated $2 billion annually.Not only is check imaging faster and more reliable than the old distribution method, but it also will save the banking industry an estimated $2.

Banks are replacing paper-clogged, check-clearing systems with electronic-imaging networks, saving an estimated $2 billion annually.

Not only is check imaging faster and more reliable than the old distribution method, but it also will save the banking industry an estimated $2.1 billion annually and go a long way toward reducing the estimated $21 billion lost through fraudulent checks schemes.

Topics: Banking

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