Going Paperless with Treasury Management Technology
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(1)Overview: A CSC integrated payments expert answers questions about cash management technology. Q: As banks move to paperless transactions to comply with Check 21 and other mandates, what options for the delivery of cash management data are available to Treasury Management divisions and their commercial clients? A: Banks can now offer fast delivery of cash management data with more options. The latest applications enable the delivery of check images, statements, reports, and wholesale and retail lockbox transaction data across the Internet, on encrypted CD-ROMs or DVDs, as well as on traditional paper reports and statements. This new technology helps banks to control escalating transaction unit costs across all market channels and create new commercial account products with fee-income potential as they provide customers with more delivery choices.
