What does Check Processing Control System do?
Check Processing Control System managed the lifecycle of checks within a banking environment. It handled check entry, distribution for verification, and balancing of accounts. It also controlled the IBM 3890 Document Processor.
Is this a system, application, or tool?
This was an application designed to streamline check processing within financial institutions. It provided a centralized system for managing checks from entry to final balancing.
What types of organizations used this?
Organizations that processed a high volume of checks, such as banks and credit unions, used this system. It was particularly useful for institutions that needed to automate and streamline their check processing operations.
When should an organization have considered Check Processing Control System?
Organizations should have considered Check Processing Control System when they needed to automate check processing, reduce manual errors, and improve efficiency. It was most beneficial when dealing with a large volume of checks daily.
What were the alternatives to Check Processing Control System?
Alternatives included other check processing systems and software solutions designed for financial institutions. Some examples are BASE24-eps, T24 Enterprise, Connex, and CAMS II. These systems provided similar functionality for managing check processing workflows.