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Queensborough National Bank & Trust partners Metavante for total check truncation

Friday 8 February 2008 09:12 CET | News

Queensborough National Bank & Trust has achieved total check truncation at the branch and merchant locations using Sendpoint Merchant, a service developed by Banking and payments technologies provider Metavante.

The managed service offering for merchant capture aims to reduce the forward collection expenses associated with check processing and eliminate the expense of maintaining large check sorters. Sendpoint Merchant receives check images and data captured at remote customer business locations and forwards the information to the central processing site for updating, posting, and bank-to-bank image exchange.


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Categories: Payments & Commerce
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