|
If you have a BancTec 91690, 90690, or E Series, an IBM 3892, or an NCR 6760 or 6780, you already own the best sorter available. Now MICR Automation will bring you a completely rebuilt exchange unit with image cameras installed. After the new sorter is operating satisfactorily, they will take your old sorter back to St. Louis and rebuild it for the next customer.
A MICR Automation rebuild creates a like-new sorter. All bearings (over 130) are removed and replaced with new ones, the sorter is stripped down and thoroughly cleaned, all worn parts are replaced, the panels are stripped, a new baked-on powder coat epoxy paint job is applied, and everything is reassembled back to the original factory specifications. You get a sorter that looks, smells, and operates like new, as well as first class imaging, for less than you ever thought possible.
The banking industry may be facing a dramatic reduction in check volume. The May 8, 2003 American Banker reported that: "This year electronic payments should make up 44% of noncash payments in the United States, eclipsing for the first time the paper check, which should represent 41.5% of the payments."
In April 2003, Master Card settled with the combined merchants for $1 billion, and Visa settled for $2 billion. This settlement means that PIN based debit cards will take over retail payments. The number of checks used at supermarkets and convenience stores will probably decline dramatically. As debit cards become universal, and as ways are developed to use them in Internet transactions, the entire payment system will move rapidly to electronic transfers.
The likely decline in check volumes would seem to indicate that spending a lot of money on new check imaging equipment is not a good idea. With a MICR Automation exchange unit, banks don't have to.
|
|
