|
|
Article: In Brief: ATM Check Imaging Cuts Credit Union Costs.(Suncoast Schools Federal Credit Union)(asynchronous transfer mode)(Brief article)
- Article from:
- American Banker
- Article date:
- February 16, 2007
- Author:
CopyrightCOPYRIGHT 2007 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Suncoast Schools Federal Credit Union has been able to cut transportation costs and reduce staffing by imaging checks at the automated teller machine but has found that customers need help to use the machines.
The $5.3 billion-asset Tampa credit union, the nation's seventh-largest, replaced 100 deposit-taking ATMs last year to comply with the triple data encryption standard, said Wanda Chambers, Suncoast's vice president of document services, and it activated the check-imaging feature on the last group of machines this week.
The credit union was able to eliminate "empty-envelope" fraud, closed two cash rooms where the envelopes were processed, moved ...