The giants focus on the image of a check

Article Abstract:

Banks may soon replace their old check processing technology with computerized image processing that will enable banks to scan a check and store it digitally. Most banks still use magnetic ink character recognition systems that read code numbers and store the information on microfilm. The new scanning technology can process checks faster, it can reproduce smaller images of the checks on paper to be sent out as statements and it can vastly reduce the amount of storage space needed. Some large computer firms such as IBM, Unisys and NCR plan to enter the market which could be worth $1 billion by 1994. IBM will unveil its system tomorrow, which it claims can recognize handwritten amounts on checks, eliminating the need to have that information keyed in.

DEPOSITORY INSTITUTIONS, Banking industry, Usage, Technology application, Scanning devices, Optical scanners, Image processing, Bank automation, Scanning, Banking, New Technique

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Digital is leaving headquarters building

Article Abstract:

DEC is abandoning the 146-year old, 1.1-million-square-foot old Mill building in Maynard, MA, that has been its headquarters since its founding in 1957. According to Robert B. Palmer, DEC's president and CEO, the decision to leave was triggered by the company's continuing cost cutting efforts. DEC registered a loss of $2.8 billion for FY 1992 and a $74 million loss for the second fiscal quarter ended Dec 1992. The company will move the 200-person corporate headquarters staff to another DEC facility in Maynard, and the remaining 1,900 employees of its Maynard headquarters will be reassigned to various sites, primarily in eastern Massachusetts. It is expected to save up to $15 million annually by moving out of the Mill building.

Management, Buildings and facilities, Cost control, Cost Reduction, Facility Relocation

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Digital to show new PC's, expanding a product line

Article Abstract:

DEC introduces its new DECpc MT series of microcomputers, a powerful and compact improvement on the LP line, that DEC is manufacturing itself. The MTs are based on the Intel 80486 processor, and sell for $2,350 to $2,800, around $250 more than comparable LPs. They offer increased storage, greater expandability and a larger power supply, with a two-speed fan for reduced noise during limited operation periods. The system is very compact, fitting into a 17-in-high desktop case, not a tower, as in comparable systems. The production of well-engineered machines for prices similar to the direct-mail distributors is regarded as a significant achievement for DEC, and is expected to boost DECs market share beyond its current 2 percent.

Microcomputers, Product Announcement, Product Introduction, Microcomputer, DEC DECpc MT (486-based microcomputer)

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