Back to Search
Start Over
Royal Bank pact a big coup for Big Blue
Royal Bank pact a big coup for Big Blue
- Source :
- American Banker. June 29, 1995, Vol. 160 Issue 124, p14, 1 p.
- Publication Year :
- 1995
-
Abstract
- The Royal Bank of Canada has signed a $44 million contract with IBM to change the bank's check processing system to an image-based process, using IBM's ImagePlus High Performance Transaction System. The system will first be applied to proof-of-deposit, which accounts for 40% of the $2 billion a year banks spend on check processing. IBM has a dominant share of the market for imaging systems used for check processing.<br />Royal Bank of Canada has announced plans to convert its entire check processing operations to an image-based platform from International Business Machines Corp. The $129 billion-asset bank, based in Montreal, [...]
- Subjects :
- Royal Bank of Canada -- Contracts -- 00152757
International Business Machines Corp. -- Contracts -- 00304653
Banking industry -- Contracts
Computer software industry -- Contracts
Checks
Imaging systems -- Usage
Banking, finance and accounting industries
Business
Economics
IBM ImagePlus High-Performance Transaction System (Image processor) -- Contracts
Subjects
Details
- ISSN :
- 00027561
- Volume :
- 160
- Issue :
- 124
- Database :
- Gale General OneFile
- Journal :
- American Banker
- Publication Type :
- Periodical
- Accession number :
- edsgcl.17164980