MILWAUKEE - Metavante Corp., the banking and payments technology subsidiary of Marshall & Ilsley Corp., announced that it will co-host a deposit capture seminar with Stillwater National Bank during BAI's TransPay Conference on Feb. 13 in Orlando, Fla.
The session, "Strategic and Tactical Planning for Remote Deposit Capture and Image Exchange - the Centerpieces of your Check 21 Payment Processing Infrastructure" will be held 2:15 p.m. at the Rosen Shingle Creek Resort. "Technology, economics and new legislation are promoting a more-efficient payment system, said Jacob Mays of Stillwater National Bank, one of the seminar's presenters. "At the same time, a variety of issues from ever-increasing transportation and courier costs to the closing of Federal Reserve check-processing sites have the potential to depress revenues and reduce check-payments profitability.
Mays said remote deposit capture and check-image exchange have emerged as the two Check 21 technologies with the potential "to develop a sustainable economic engine for U.S. financial institutions."
The seminar is expected to outline the deployment plans and daily business considerations related to blending remote deposit capture and check-image exchange into an FI's payments franchise. Stillwater National Bank, with approximately $2 billion in assets and a Metavante client for distributed image capture and check-image exchange, was recognized in 2006 by Bank Technology News for its IT initiatives. Stillwater was honored in the "imaging" category for its deployment of merchant and branch capture and check-image exchange.
