VECTORsgi Offers Check Imaging System to Target Corporate Customers

Monday 8 November 2004 15:56 CET | News

VECTORsgi has expanded its VECTOR Capture Anywhere Solution to include VECTOR:Corporate Image Deposit, a product that enables banks to enhance offerings for corporate customers.

Using this solution, businesses can consolidate their deposits to a single financial institution, increasing revenues for the bank, and offering savings to the businesses. The solution collects and balances all of a business image deposits electronically, streamlining item processing, and reducing deposit fees for corporate customers. With image deposits and image exchange for corporations, the electronic clearing of these items by the bank is streamlined. The deposit window can therefore be widened to include checks accepted after normal banking hours thus enabling banks to offer customers increased funds availability and reduced float, regardless of their time zone or location. Many retailers operate hundreds of stores across the nation. Consolidating all of their check images to a single financial institution significantly enhances that banks revenue while offering cross-selling opportunities and increasing customer loyalty. The VECTOR Capture Anywhere Solution offers a low-risk opportunity for banks to protect and retain corporate customers.

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Categories: Payments & Commerce | Payments General
Countries: World
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