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Cummins Allison

Generations of Vision and Excellence

Cummins Allison sets the standard for accuracy and dependability.

Cummins Allison is a global leader in developing solutions that quickly and efficiently count, sort and authenticate currency, checks and coin. With a 125-year heritage of leadership in technology and product innovation, Cummins Allison serves the majority of financial institutions worldwide, as well as leading organizations in retail, gaming, law enforcement and government. Ninety-seven percent of our customers recommend our products and services.

CA holds more than 350 U.S. patents and invests double the industry average in R&D. Our world-class sales and service network includes hundreds of local representatives in more than 50 offices in North America, 4 wholly-owned subsidiaries in Europe and is represented in more than 70 countries around the world.

For more information, please visit www.cumminsallison.com/checks

Our Website: http://www.cumminsallison.com


Latest Content From Cummins Allison

Whitepaper: Reduce exception item processing costs: New technology paves the way to new savings

by Cummins AllisonJan 14, 2013

The fiscal strength of financial institutions (FIs) has weakened under the stress of multiple economic and industry factors. A mandate to trim costs to reinvigorate their base and maintain profitability into the coming years grows increasingly difficult to fulfill. And, while the electronification of checks has been a step forward on the path of operational efficiency, initially yielding some economic benefit, it does not go far enough to solve the challenging issue of rising preventable exception item processing costs.

Exception item deposit processing is often a part of internal auditing that singles out abnormal items for further analysis or is directly related to system or process limitations. Any item or transaction that falls outside the boundaries set by the financial institution is removed from the normal workflow and flagged for exception processing. This practice, unique to these items, slows the workflow and invites errors not commonly seen in the majority percentage of the work - lost deposits, missing items, out of balance deposits, missed deadlines, etc.

Efforts to reduce these costs have sought to accelerate a less than optimal procedure. FIs hope to manage the expense by capturing check images in the banking center as early on as possible. Branch and teller capture is a step in the right direction, but results to date have been disappointing. Basic processing errors still frequently become Day 2 adjustment items, and the related operational costs are increasingly more expensive, eating into the upfront savings.