Merchant Check Capture, Risk

Merchant Check Capture has been acclaimed to be the largest innovation in the banking industry since the creation of the account number. For some bankers it is hard to believe that we have actually legalized customer capture of checks and deposits. For others it is way past time to let customers help reduce back office and teller expense, strengthen customer retention and generate new fee income. With the passage of the Check Clearing Act for the 21st Century, Merchant Check Capture became viable and every check image vendor, without exception, began retooling their systems to take advantage of technology that potentially could be implemented in any of the 5 million U.S. businesses, an opportunity that no bank can overlook.
The list of benefits from Merchant Check Capture is significant, practical, and easy to understand. Changes in business and consumer transactions during the past decade clearly demonstrate their preference for......

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Title: Merchant Check Captuer
Approximate Word Count: 4544
Approximate Pages: 19 (250 words per double-spaced page)

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