Markesan State Bank Implements Community Banking Systems' Net.Check Suite of Imaging Products.Bank Reduces Cost and Increases Efficiency with Electronic Filing and Delivery of Checks 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, announced that Markesan, Wis adv. 1. Certainly; really; indeed. v. t. 1. To think; to suppose; to imagine; - used chiefly in the first person sing. present tense, I wis. See the Note under Ywis. .- based Markesan State Bank has successfully implemented its Check 21 module, check imaging statements, proof of deposit with branch capture and data retention center. With more than $75 million in assets, the bank uses CBS' Net.Check suite of imaging products to exchange electronic images with the Federal Reserve. Markesan State Bank experienced a trend in rising 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. costs that initiated research for check imaging providers. The bank considered six vendors before choosing CBS for its reliable service and its ability to decrease costs while still enabling the bank to grow. Within two months of selecting CBS, the Net.Check suite of products had been implemented and immediately began enhancing profitability. "In response to rising costs associated with shipment of paper transactions, CBS' Check 21 and imaging modules gave us the opportunity to reduce our clearing costs significantly," said Dan Kok, vice president and financial analyst at Markesan State Bank. "Since implementation, we have increased overall efficiency and kept rising courier costs at bay, leading our region in image technology advancement. The staff at CBS has provided us with excellent support, enabling us to uphold up·hold tr.v. up·held , up·hold·ing, up·holds 1. To hold aloft; raise: upheld the banner proudly. 2. To prevent from falling or sinking; support. 3. our 115 year commitment to quality customer service." "Markesan State Bank considered several different imaging solutions to ensure that their customers, employees and bottom line would all see the benefits," said Sean Pennock, president of Community Banking Systems. "CBS continues to provide services that help community banks capitalize on Cap´i`tal`ize on` v. t. 1. To turn (an opportunity) to one's advantage; to take advantage of (a situation); to profit from; as, to capitalize on an opponent's mistakes s>. the returns that imaging technology has long provided to larger banks, helping them to remain competitive and expand their service offering. Markesan State Bank is one such bank that has proactively enhanced operations on all levels." 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 Markesan State Bank Locally owned and operated since 1891, Markesan Wis.- based Markesan State Bank was founded on a commitment to confidentiality, quality of service and reinvestment Reinvestment Using dividends, interest and capital gains earned in an investment or mutual fund to purchase additional shares or units, rather than receiving the distributions in cash. 1. In terms of stocks, it is the reinvestment of dividends to purchase additional shares. into the growth and development of the local community. The bank began expansion in 1990 and currently includes two additional locations, serving Green Lake, Dodge, Columbia, Marquette, and Fond du Lac Fond du Lac (fŏn` də lăk', –jə–), city (1990 pop. 37,757), seat of Fond du Lac co., E central Wis., in a resort region at the south end of Lake Winnebago; inc. 1852. counties. For more information on the bank, please visit: www.markesanstatebank.com. 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. |
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