Open Solutions Offers Image Cash LetterCapabilities

April 05, 2006, 1:00 a.m. EDT 1 Min Read

GLASTONBURY, Ct. - (04/05/06) -- Open Solutions Inc. said it haslaunched full electronic cash letter settlement capabilities withthe Federal Reserve through its electronic image/item processingsolution. OSI said it implemented the electronic cash letterservice for Choice Bank, making the Scottsdale, Ariz., bank thefirst bank in Arizona to offer the service. The system will allowbank and credit union branches and their merchants to captureimages of checks from anywhere in the country and deposit imagecash letters to the Federal Reserve.

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