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Payment processing has changed more
in the last 24 months than it has in the previous 24
years. As the number of paper checks continues to decline,
per item costs on existing paper-based check processing
systems will continue to rise.
The Check 21 Act may be seen as the
tipping point, ushering in a profound change in payment
processing. Customers will have new products and banking
relationships to choose from. Banks will deal with the
revenue impact from reductions in check float, while
enjoying reduced transportation costs and process improvement
that will result from combining check image and image
exchange in existing workflows. Forward-thinking institutions
will take advantage of new revenue opportunities that
come as cutoff times are extended and opportunities
to expand their footprint are presented.
We are entering an “any to any”
world of transaction processing. Any payment type, from
any location, to any destination, in any format. And
J&B Software is ready to take you there.
Click on the links to your left
to learn more about our Payment and Receivables Management
solutions.
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