The new system will replace its paper-based cheque processing system, while automating all aspects of capture, data perfection, electronic cash lettering, clearing settlements and outputs to posting and image archive.
The system will be deployed in a phased manner to avoid risks often associated with a transition of this size.
In the first phase, the bank will deploy a centralized database for branch capture and placing image-enabled ATMs throughout Trustmark’s branch system.
The second phase will include replacing cheque processing and cash lettering systems and eliminating sort patterns from existing systems, while in the third phase, the image exchange and external duplicate detection systems will be replaced.
Regardless of the point of capture, the new system integrates seamlessly with core account processing systems and remote capture applications to provide an end-to-end image-exchange workflow.
Managing $9.9bn in assets, Trustmark Corporation provides banking, wealth management and insurance solutions through its subsidiaries, including Trustmark Investment Advisors, and Fisher Brown Bottrell Insurance.
