Technology Update Delivers Streamlined Operations, Reduced Costs
University of Hawaii Federal Credit Union adopted Bluepoint’s ImagePoint Hub and Foundation solutions in July of 2011 to facilitate check clearing directly with the Federal Reserve. They now process more than 24K inclearings and 15K outbound items each month, with no new staff and minimal training and maintenance.
Best Practices in reducing check losses
Despite the gradual decline in the use of checks, financial institutions continue to experience significant losses stemming from return items, counterfeits, forgeries and other types of fraud. This white paper examines the cost to financial institutions of various types of fraud, and explores best practices that can effectively identify and prevent losses.