Chemical Banking Corp. on Monday became the largest U.S. bank to broadly embrace image technology for check processing.

The New York-based superregional announced plans to spend about $50 million over the next five years to convert all phases of its check operations - including proof of deposit, data archiving, and statement rendering - to an image system from International Business Machines Corp.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.