IBM Credit Union Finishes Installing Image-Based Filing System

The IBM Mid-America Employees Credit Union announced last week it has completed installation of an image-based filing system that will eventually replace most of the company's paper records.

The image system from Data Trade Inc., Springfield, Mo., captures images of paper documents and stores them on magnetic tape or optical discs, where they can be accessed by bank employees.

By keeping the electronic files, financial institutions such as the Rochester, Minn.-based Credit Union hope to do away with manual filing methods, which bank officials say are expensive and inefficient.

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