Banks See (And Save) Big Money By Document Imaging

Along with the government, financial institutions are at the forefront of document imaging usage. The fact that banks are so heavily using document imaging is a strong statement: namely, you know document imaging technology is good when it's being used to handle money.

Bank of America, for instance, has fitted out many of its ATM machines with special check reading imaging software, erasing the need for deposit envelopes.

Wells Fargo, meanwhile, a longtime document imaging adherent, is offering records management as a service to its customers. Hoping to scan and store documents such as W-2s and loan documents, Wells Fargo wants to be more involved with customer paperwork, and. thus, customer money.

Other organizations are using document scanning to instantly deposit paper checks, without having to physically run them in to the bank. This is not only convenient, but when the amounts involved are large, instant deposit can enable an organization to gain more interest on its money.

In short, banks are at the center of the continuing mainstreaming of document imaging technology. The future is here, and it's showing you the money.