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Corporate One Transmits Check Images Through Endpoint Exchange

COLUMBUS, Ohio - Corporate One has successfully transmitted and accepted its first set of check images to and from the Endpoint Exchange Network. The exchange was part of a test of Corporate One's new electronic deposit automation solution. Corporate One partnered with Endpoint Exchange as part of its efforts to...

By Staff Writer | Updated on August 10, 2004

COLUMBUS, Ohio – Corporate One has successfully transmitted and accepted its first set of check images to and from the Endpoint Exchange Network. The exchange was part of a test of Corporate One’s new electronic deposit automation solution. Corporate One partnered with Endpoint Exchange as part of its efforts to gear up for the day when image exchange becomes more common, when that will happen is hard to predict, say most experts. Corporate One plans to connect to the Endpoint Exchange Network through an interface from Advanced Financial Solutions. “The significance here is they are one of the exchanges that has evolved and they are in negotiations with SVPCo and the Federal Reserve. They can be the gateway to most of the endpoints in the country,” said Marcus Wannemacher, Vice President, Product and Business Operations for Corporate One. Corporate One will also begin pilot testing at two member credit unions – Western CU and Credit Union of Ohio – later this summer to do branch capture image exchange. It has negotiated preferred pricing from Alogent for image capture equipment.

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