A patented electronic check deposit system from Huntington Bancshares should have banks and their largest customers salivating over the efficiencies it says will be gained from streamlining the process.

The Huntington's Electronic Check Deposit (ECD) system enables companies with large remittance volumes-500,000 per month, minimum-to act as a remote check processing center of The Huntington by sorting, endorsing, filming and then sending the checks electronically into the clearing system on behalf of The Huntington. At the same time, merchants transmit an electronic file containing MICR line data, item counts and totals to the bank, which deposits them into the merchant's account. "What we will gain is a less redundant processing system," says Terry Geer, svp of Huntington Treasury Management Company.

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