RAMSEY, NJ - November 4, 2003 - Konica Minolta Business Solutions U.S.A., Inc.'s (KMBS) Minolta dealers are ready to assist financial institutions with a cost-effective and productive way of digitizing, storing, viewing, sharing and transmitting checks as permitted by the newly enacted Check Clearing for the 21st Century Act.
"Minolta products have been successfully used by financial institutions for many years," said Ronnie Linzenbold, product marketing manager for Minolta imaging products. "Now that longstanding banking regulations have changed and check images are an acceptable storage option, Minolta dealers are ready with solutions to help financial institutions take advantage of the changes permitted by the new law."
Minolta dealers offer a number of solutions. First, they have a high-speed, high-volume digital scanner that is ideal for check scanning. It performs 180 simplex and 360 duplex check images per minute, uses image compression to reduce digital file sizes, adds bank or company endorsements and works seamlessly with the Rebus Recollect and PageScope Cabinet document management systems, both of which are sold by KMBS' Minolta dealers.
In addition, Minolta dealers offer the ItemSTOR digital imaging solution. This software has image search and retrieval features tailored specifically for working with check images. It allows customers to save and retrieve check images using teller number, date and branch information, or Magnetic Ink Character Recognition (MICR) information including check number, amount, account number and routing information. With ItemSTOR banks will have the capability of storing and exchanging check images with other financial institutions or other systems.
"Financial institutions have the opportunity to achieve significant time and cost efficiencies as a result of the new law," said Linzenbold. "Minolta dealers are ready to show them how to capture these benefits as quickly and efficiently so they are ready when the law goes into effect a year from now."
Konica Minolta Business Solutions U.S.A., Inc.
Konica Minolta Business Solutions U.S.A., Inc., headquartered in Ramsey, New Jersey, was formed on October 1, 2003 through the integration of Minolta Corporation and Konica Business Technologies, Inc. The combined company offers a comprehensive line of color and black and white multifunction peripherals (MFPs), printers, facsimile machines and associated software that address the essentials of imaging for companies and organizations ranging from the small office/home office to large production operations. By bringing together the strengths of its two founding companies, Konica Minolta Business Solutions is able to offer its customers a wide range of state-of-the-art, cost effective office products and services.
Konica Minolta Business Solutions U.S.A., Inc. is the wholly owned subsidiary of Konica Minolta Business Technologies, Inc., an operating company of Konica Minolta Holdings, Inc., and will service the office technology needs of companies in North America. Konica Minolta Holdings, Inc. was formed on August 2003 through the merger of Minolta Co., Ltd. and Konica Corporation.
While the operational details of Konica Minolta Business Solutions U.S.A., Inc. evolve, products will continue to be marketed in the U.S. under both the Minolta and Konica brand name until April 1, 2004, when all products will carry the combined Konica Minolta brand identity. Product and service information is available on line at http://konicaminolta.us. Information on Konica Minolta Holdings, Inc., including merger details, can be found at http://konicaminolta.net.
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