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Checking Imaging Becomes a Competitive Edge

One the executives whose work helped establish check imaging in the U.S. warns that more credit unions need to pick up the technology or risk a competitive disadvantage with banks.

By David Morrison | Updated on July 03, 2011

One the executives whose work helped establish check imaging in the U.S. warns that more credit unions need to pick up the technology or risk a competitive disadvantage with banks.

Jim Hanisch, senior vice president with CO-OP Financial Services, played a role in the development of the standards and infrastructure that eventually came to allow images of checks to be used in financial transactions. Now that the infrastructure has been in place for a number of years, he encouraged more credit unions to make the investment they need to bring check imaging to their members.

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