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Manual versus automated check encoding in commercial banks
Author(s) -
Davis Samuel G.,
Reutzel Edward T.
Publication year - 1983
Publication title -
journal of operations management
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 3.649
H-Index - 191
eISSN - 1873-1317
pISSN - 0272-6963
DOI - 10.1016/0272-6963(83)90014-1
Subject(s) - computer science , automation , payment , transfer (computing) , labor intensity , encoding (memory) , electronic funds transfer , artificial intelligence , world wide web , economics , operating system , mechanical engineering , engineering , market economy
Despite moves toward electronic funds transfer systems, the financial community must continue to cope with the labor‐intensive paper processing requirements associated with a payments mechanism still heavily reliant upon checks. An attempt to eliminate the labor intensity is the recent development of optical scanning capture equipment which “reads” printed or handwritten documents. Mathematical programming models are used to compare the manual and the automated processing systems on a cost basis and to identify the kind of environment suitable for automation.