NCR Corp., Dayton, OH, and Carreker-Antinori, Dallas, announced an agreement yesterday to provide the financial services industry with a new technology that the companies said will, for the first time, allow businesses to engage in complete image-enabled electronic check processing from presentment to exchange.
Carreker-Antinori chairman/CEO J.D. “Denny” Carreker said the two companies were committed to the promotion of electronic check presentment with image exchange. “For years, one of our corporate g oals has been to accelerate ECP acceptance and adoption rates within the U.S. banking community,” he said. “This initiative has become even more important as banks continue to establish themselves as leaders within the e-commerce market. Enabling our current ECP solutions to support image exchange allows us to better position our clients for full ECP implementation and e-commerce expansion.”
Exchanging check images only recently became legal following a revision of Regulation CC, allowing electronic images of returned items to replace the physical check, as well as the nationwide push for the acceptance of the Uniform Electronic Transactions Act, which the companies said has opened the door for widespread endorsement of electronic check processing.