JPMorgan Chase offers new image deposit solutions worldwide

International financial institutions will realize check 21 benefits, such as reduced costs and diminished risks related to transporting paper items cross-border.

JPMorgan Chase, a full-service provider of cash management, trade finance, and treasury solutions, announced today that global financial institutions will be able to benefit from its suite of innovative imaging applications, which include International Image Deposit Capture, Image Deposit Direct and Image Cash Letter.

Electronic files with check images will replace the physical transportation of paper checks, saving time, reducing costs and streamlining the receivables process.

International Image Deposit Capture capabilities will be available initially at six JPMorgan Chase hub sites. A site in Frankfurt, Germany opened on September 2, 2005. Sites will open before the end of the year in Bournemouth, England and Zurich,...

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