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Symco Group is Pleased to Announce CheckImage RCS (Remote Capture Solution) Which Helps Financial Institutions Streamline Their Workflow and Take Advantage of the Check Clearing for the 21st Century Act(Check 21)

Check 21 is rapidly changing the landscape of check processing and its associated workflow. These changes will rapidly move check processing from the backoffice to the teller line.

Suwanee, GA December 26, 2003 -- Symco Group, Inc & Check 21 – Symco Group is pleased to announce the availability of its’ latest product Remote Capture System (RCS) branch capture solution. RCS compliments the existing Symco Group family of imaged-based recognition, payment, and remittance software applications. RCS was developed to work seamlessly with Symco Group’s CheckImage application or effortlessly integrated into a financial institutions current check capture environment.

The Check Clearing for the 21st Century Act (Check 21) lays the groundwork for the increased use of check truncation. By permitting financial institutions to process checks electronically instead of forwarding the original document, it speeds the collection process, reduces associated costs, and diminishes fraud. Software products such as Symco Group’s CheckImage combined with RCS are an important technology solution for banks and credit unions to leverage this new law.

With the passage of Check 21, financial institutions need to rethink their backoffice workflow and how to deal with the effect Check 21 will have on branch check transactions. Today, branch capture devices are becoming more affordable for small- to medium-sized financial institutions. Combine the lower cost of these devices with a branch capture solution, such as Symco Group’s RCS, and most financial institutions will find that the branch is the most effective and cost efficient way to take advantage of Check 21.

Headquartered in Suwanee, Georgia with offices around the United States and Central America, Symco Group is a leading provider of image-based payment and transaction software, on-site support, disaster recovery services, new and refurbished equipment.