US consumer financial services company World Savings is piloting a cheque-scanning system from UK-based ManTech Advanced Recognition Technology to automate cheque and document processing.
The bank has installed seven of the RDS 3000 scanners in branches in California, Florida and Colorado, as well as its Internet banking, accounting and research facilities.
The scanners enable the bank to capture cheque images for immediate viewing, as opposed to a typical delay of a month or longer using microfilm, says the company. Up to three images can be captured in a single pass, each at different resolution and image format.
James Gergen, senior vice president, World Savings, says: "We've improved our tracking, indexing and imaging quality by scanning cheques, creating both significant cost and time savings for the company and its employees."