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Unformatted text preview: image of the original document. The ICAR file is simply sent to a duplex MICR printer and the complete deposit is ready within minutes. This means that financial institutions using ICAR no longer have to call all their depositors to try to recreate a deposit, nor do they have to attempt to recreate it manually from microfiche. It completely eliminates the recurring cost of microfilm and developing and provides the ability to regenerate a deposit with minimal key entry. It is true that insurance and bonds can cover the “costs” of these types of losses, but what of the loss of confidence in the institution itself? RemEx ICAR is never having to say you’re sorry. Scott Baker, Vice President Professional Data Exchange, Inc. 960 Los Vallecitos Blvd. #203 San Marcos CA 92069...
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This note was uploaded on 02/03/2012 for the course ECON 101 taught by Professor 123 during the Spring '97 term at University of Kelaniya.
- Spring '97