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Essay's paper info
| Topic: |
Business
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| Number of pages / Number of words: |
17 / 4544 |
Essay's paper body
Although community banks have a history in being slow to adopt new technology, they also serve customers who are not hesitant to let them know when it is time to rollout new technology that they believe will save them time and money.
One of the benefits to the bank would be to increase a relatively low cost source of funds...
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By gaining quicker access to funds, banks have the opportunity to accelerate cash flow. Using Merchant Capture to expand commercial deposit relationships will also increase source of funds.
The biggest gain for the bank will be the lower cost to process checks. This is the direct result of elmating the time comsuming paper processes and reduction of costly, inefficient backroom sort operations...
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