Banctec Inc. recently sold $7 million worth of its operations hardware to three major clients, including Citibank.

The New York City-based bank, alongn with Ameritech Network Services and Arizona Public Service Co., will install the vendor's ImageFirst financial document processing systems at their payment processing operations centers. Citibank will use the new system to replace first-generation Banctec imaging hardware that has been in place for 11 years at its Sioux Falls, S.D., processing site.

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