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Working with Integrated Document Technologies, Inc. (IDT), ACB launched a new remote deposit system from Eastman Kodak Company that allows customers to scan checks and make deposits electronically via a secure Internet connection, greatly simplifying the bank's prior remote check processing system.
All of the advantages of electronic check processing are now as close as a customer's personal computer: deposits can be made as late as 5:30 p.m., and checks clear the same day.
"This technology is like having a bank branch in a customer's office," said Bill McGuckin, Second Vice President, Treasury Management Services, ACB. "Customers simply sign onto a Web site, scan each check, and balance the deposit."
ACB put its original remote deposit system in place shortly after the Check 21 Act came into effect, in late 2004. The Check Clearing for the 21st Century Act (Check 21) made electronic check capture and exchange a reality--giving banks and businesses a far more efficient method of processing checks.
ACB wanted to get away from the manual installation requirements for its prior system, which required sending its IT staff to every customer's location to install software, then handle many technical support requests.
Easy to Use KODAK Solution from IDT
ACB reviewed several online systems, and consulted with IDT to select Kodak's Web based service. The system's overall ease of use, competitive costs and IDT's local service were key factors in the bank's choice.
The new ACB branded remote deposit system includes:
-- KODAK i6015 Check Scanners that capture high quality digital images of paper checks. Designed for consumer facing environments like teller lines and back office areas, the scanners permit as many as 30 items to be scanned per minute, and can be equipped with an imprinter to add custom tracking or bank information to paper checks.
-- An Internet hosted platform for the remote deposit software, managed by IDT and Kodak's hosting solution partner CFC Technology Corporation, Minneapolis.
-- Full system implementation and training services from IDT and CFC
Technology.
-- Technical support as needed from IDT, and Kodak's worldwide field service support organization, KODAK Service and Support, for the KODAK Check Scanners.
Internet Speed
The online approach alleviates many of ACB's past challenges. ACB simply ships the KODAK Scanner, and via an online meeting, walks the customer through the scanner installation and complete user training process. The customer is then ready to deposit checks the same day, without ever leaving their office setting, speeding cash flow from days to hours.
"With no software to install and no physical data transfer, the online system is much more attractive to our customers," said McGuckin. "The transaction is completed through the Internet, and the bank processes the files in batches daily."
"Many businesses today prefer a Web browser application, mainly because of conflicts with corporate security policies surrounding third party software applications and firewall issues," said Paul Szemplinski, President, IDT.
"For ACB, the system's benefits far outweigh the cost," said McGuckin. "This has been a good add on service that helps us keep clients--and one that proves we are there for them."
For more information about IDT and Kodak's online remote deposit system, visit www.idt-inc.com or contact IDT at (630) 875-1100.
About Integrated Document Technologies, Inc.
Integrated Document Technologies (IDT), a Kodak Premier Solutions reseller,
helps companies harness the power of information through integrated Business Management solutions. It offers system design consulting and a comprehensive range of products and services to reduce paper, automate business processes and enable regulatory compliance. IDT's sister company, IDT Consulting, provides ERP/Financial and CRM solutions. Both are single-source knowledge bases for system design, integration, customization, implementation and long-term support.
For more information about IDT, visit www.idt-inc.com or call (630) 875-1100.
About CFC Technology Corporation
Since 1998, CFC Technology Corporation has implemented more than 850 check and document image solutions for financial institutions, and today owns technology-integration and operations experience in a highly-regulated industry. In addition, it has developed networking solutions for more than 500 commercial accounts. Customers achieve profitability, efficiency and improved revenue as a result of CFC Technology's proven ability to leverage its expertise in check processing consulting, bank operations and technical consulting, and network security. Contact CFC Technology at (763) 235-5300 or visit www.cfcfs.com.
About Kodak
As the world's foremost imaging innovator, Kodak helps consumers, businesses, and creative professionals unleash the power of pictures and printing to enrich their lives.
To learn more, visit http://www.kodak.com/, and our blogs: 1000words.kodak.com, PluggedIn.kodak.com, and GrowYourBiz.kodak.com.
Editor's Note: Kodak corporate news releases are now offered via RSS feeds. To subscribe, visit www.kodak.com/go/RSS and look for the RSS symbol. In addition, Kodak podcasts are viewable at www.kodak.com/go/podcasts. Our podcasts may be downloaded for viewing on iTunes, Quicktime, or other PC-based media players. Users may also subscribe to Kodak podcasts via the iTunes application if already installed on your computer. From the iTunes store, type "Kodak podcast" in the search field to view all of our podcast offerings.
More information about KODAK Document Imaging Scanners and Services is available at www.kodak.com/go/docimaging.
(Kodak is a trademark of Eastman Kodak Company.)
2008
SOURCE Kodak
GrowYourBiz.kodak.com
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