First Citizens BancShares Inc. of Raleigh is using the SVPCO image payments network to exchange digital check images with other banking companies.
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The Clearing House Payments Co. LLC of New York, which owns SVPCO, announced Tuesday that the $15.7 billion-asset bank holding company had gone live, becoming the 18th institution on the network, in addition to the Federal Reserve banks.
The Clearing House said its image network exchanged 141.2 million items worth $315.9 billion in January.
