Tuesday March 21, 1:48 pm Eastern Time
Company Press Release
Check Processing Goes High-Tech
Mark Hamill Hosts Special Report
BOCA RATON, Fla.--(BUSINESS WIRE)--March 21, 2000--Mark Hamill, star of Star Wars, hosts another upcoming episode of the ``.com' series, scheduled to air as paid programming on CNBC, Saturday, March 25th at Noon Eastern Time. Now in its fifth season, ``.com' explores the latest technological innovations and the rapidly evolving Internet landscape.
The upcoming episode includes a special report entitled Cutting-Edge Check Processing, which explores the latest advancements in electronic transactions -- announced Jim Wilhelm, Executive Producer of the series.
Consumers write more than 60 billion checks in the U.S. annually. Despite the popularity of debit and charge cards, chances are checks will remain a feature of the retail landscape for years to come. But today, a number of companies are using electronic technology to process checks at the point of sale. Thanks to systems like CHEXpedite by NBDS, paper transactions can move electronically through the banking system just like a credit card. In this report, well discover how digital deposits are changing the future of check processing.
``This technology is fascinating. Checks are run through a check reader where Magnetic Ink Character Recognition is captured,' said Ron Godfrey, Co-Executive Producer of the series. ``The amount of the check is then entered on a keypad and the check is processed through the Federal Reserve's Automated Clearing House.'
In addition to national broadcast on ``.com,' the special report will be reformatted and distributed via satellite as a Video News Release to over 750 domestic television stations. Like all of TVI's productions, the story is available for viewing on the Internet.
The ``.com' viewer site, www.tvi.net, allows visitors to watch Cutting-Edge Check Processing and other stories in their entirety, on-demand, and in full motion video after the program has aired. From the site, visitors access information through links to many outstanding educational resources on the Web. |
