Branch capture has seen explosive growth over the last years on a worldwide scale, with image-based check truncation legislation in many countries allowing Financial Institutions (FIs) to expedite check processing, extend deposit cut-off times, and reduce clearing expenses by scanning and transmitting check images directly from the branch to a processing site, eliminating the need to physically transport checks for processing.
Data captured at the earliest point of presentment allows a Financial Institution to realize significant benefits including operational cost reduction, transportation savings, elimination of redundant processes, fraud reduction, reduction in transaction errors, earlier processing, smoothed workflow and staffing expense, transaction time reduction, customer retention, and creation of new market opportunities.
Scanners used for branch capture need to be feature-rich, robust, reliable, fast, and in some cases capable of physical items sorting. Panini platforms combine all of these benefits into expertly designed document processing devices.
Independent Software Providers
- Jack Henry/Profitstars
- Blue Point
- Open Solutions