AVON, Conn. – COCC announced that 18 of its 99 document processing clients are exchanging images using the Federal Reserve's FedForward product.
Commitments to image exchange will raise the percentage of production clients to 31% by year-end, said COCC.
"Image is the next big thing in banking," said Joseph D. Lockwood, COCC's chief technology officer. "Over the next two years, financial institutions will observe a sea change in check processing operations. The question is, are the financial institutions going to watch from the sidelines or jump in the stream? From our experience, the long term winners will start swimming now."
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