Can Internet Technologies be Used to Increase Check Truncation Efficiencies?

The savings and top-line potential for developing new service offerings are so compelling that, long-term, no financial services firm will be able to side-step check truncation and check image processing. There are many ways to deploy a check truncation and image transfer system, but it is Tumbleweed's belief and experience that cost efficiencies will drive all institutions toward schemes that connect banks to their branches, to each other, and to their correspondent check processors over inexpensive IP-based networks or even Internet connections. The technical challenge of check image transfer through Internet technology is one that will be faced by most every one of the 64,000 bank branches in the United States that receives deposits.

Tumbleweed tenders this whitepaper as a service to decision makers within the financial services community developing technical strategies for check truncation and check image management.

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