Community Banking Systems Selected by Spencer County Bank for Net.Check Imaging Suite.Independent bank uses CBS' check imaging solution to electronically exchange cash letters DALLAS Dallas, city (1990 pop. 1,006,877), seat of Dallas co., N Tex., on the Trinity River near the junction of its three forks; inc. 1871. The second largest Texas city, after Houston, and the eighth largest U.S. -- Community Banking Systems (CBS (Cell Broadcast Service) See cell broadcast. ), a provider of check imaging products and services for community financial institutions, was selected by Spencer County Spencer County is the name of two or more counties in the United States:
Santa Claus jolly, gift-giving figure who visits children on Christmas Eve. [Christian Tradition: NCE, 1937] See : Christmas Santa Claus , Indiana-based Spencer County Bank uses CBS' system to electronically send and receive imaged cash letters through the Federal Reserve Bank, eliminating the end of day rush and costs associated with manually transporting paper cash letters via courier A monospaced typeface originating from the typewriter that is commonly used for letters. It is still considered by many to be the "appropriate" typeface for business correspondence. . "Using CBS' solution, we are able to provide our customers with check images accessible through online banking which has greatly improved customer service levels," said Steve v. t. 1. To pack or stow, as cargo in a ship's hold. See Steeve. Kendall Ken·dall , Edward Calvin 1886-1972. American biochemist. He shared a 1950 Nobel Prize for discoveries concerning the hormones of the adrenal cortex. , executive vice president of Spencer County Bank. "Our efficiency has increased dramatically in producing and sending monthly statements, allowing us to spend more time focusing on our accountholders." Founded and independently owned since 1907, Spencer County Bank chose CBS' solution for its efficiency increasing features and fair pricing. The bank recently upgraded its core processor and subsequently developed new interfaces in conjunction with Net.Check. CBS' imaging suite enables Spencer County Bank to receive cash letters electronically, eliminating $1,700 in monthly courier costs. "Spencer County Bank wanted a check imaging system that could take advantage of Check 21 legislation at a cost that fit an independent banker's budget," said Sean Pennock Pennock can refer to: People
Portions of check imaging technology are protected by U.S. Patent Nos. 5,910,988 and 6,032,137, held by DataTreasury Corporation (DTC DTC See: Depository Transfer Check DTC See: Depository Trust Company DTC See Depository Trust Company (DTC). ). DTC patents were issued in 1999 and 2000 for image capture, centralized processing Processing performed in one computer or in a cluster of coupled computers in a single location. Centralized processing evolved from the computers in the 1960s, which were stand-alone with all input and output in the same room. and electronic storage of document and check information. Currently, it is the subject of a series of high-profile patent-infringement lawsuits DataTreasury has filed against a number of banks and financial-services companies. Through Community Banking Systems' patent license agreement with DataTreasury, CBS' bank and credit union customers do not have to worry about legal implications associated with the patent. For more information on the DataTreasury patents, visit www.datatreasury.com. About Spencer County Bank Founded in 1907, Spencer County Bank has been locally and independently owned since its inception. With $70 million in assets, the bank provides it customers with outstanding customer service and a complete line of products, including Visa Check Cards, credit cards, investment services, ATMs, a full service insurance agency and online banking. About Community Banking Systems Dallas-based Community Banking Systems (CBS) employs the most advanced back office imaging technology built solely and specifically for community banks. With a unique combination of technology and process improvement expertise, CBS helps banks improve their customer service and reduce costs by streamlining their imaging operations. Commitment to the independent bank is reflected in the quality of customer care, the industry experience of the CBS team, the design of CBS' software products and the implementation of CBS services. For more information, visit www.combanksys.com. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion