VECTORsgi Expands VECTOR Capture Anywhere Solution

Friday 22 April 2005 03:11 CET | News

VECTORsgi, a Metavante company, has enhanced the VECTOR Capture Anywhere Solution to now include image capture at the teller line, the back counter, ATMs, corporate offices and correspondent banks.

Capturing images at the earliest point of presentment enables banks to accelerate the benefits of check imaging by removing geographic boundaries -- an advantage made possible by Check 21 legislation. The VECTOR Capture Anywhere Solution collects and balances image deposits electronically, streamlining item processing and extending deposit windows. This allows banks to offer increased funds availability and reduced float, regardless of time zone or location. Being able to have a remote capture option at bank branches, ATMs, corporations and correspondent banks can dramatically reduce transportation costs and eliminate the chance of backlog due to weather-related circumstances or unforeseen events. Consolidating all of a corporation’s check images to a single financial institution significantly enhances that banks revenue while providing cross-selling opportunities and increasing customer loyalty. The VECTOR Capture Anywhere Solution presents a low-risk opportunity for banks to aggressively pursue a broader geographic footprint without the expense of additional branches.

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Categories: Payments & Commerce | Payments General
Countries: World
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