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First Tennessee Bank Selects VECTORsgi Solutions for Check 21 Efficiencies

Wednesday 12 May 2004 17:43 CET | News

First Tennessee Bank has selected VECTORsgis virtual capture software and image replacement document (IRD) management tool. Virtual capture will enable the banks image-based check clearing service called First Express to support image exchange.The IRD manager will help reduce the number of paper checks the bank returns to customers on a monthly basis and provide the ability to create IRD Cash Letters. First Tennessee Bank is among the nations leaders in check clearing. First Tennessee will use VECTORsgis virtual capture software for receiving data and image records. The virtual process of clearing checks will eliminate the need for paper checks and sorters in the process. The flexible IRD manager will allow the bank to print outgoing IRD Cash Letters and to create the electronic documents for image statements and its ARP corporate customers.

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Categories: Payments & Commerce | Payments General
Countries: World
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