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Federal R eserve Bank OF DALLAS HELEN E. H OLCOM B DALLAS, TEXAS FIRST VICE PRESIDENT AND c h ie f o p e r a tin g o f f i c e r October 21, 1996 75265-5906 Notice 96-102 TO: The Chief Operating Officer of each financial institution in the El Paso Office territory SUBJECT Introduction of Check Image Services DETAILS The Federal Reserve Bank of Dallas is pleased to announce the expansion of Check Image services to the El Paso Office beginning November 21, 1996. Check imaging will be available to financial institutions who subscribe to Image Enhanced Truncation or Image Enhanced MICR Presentment Plus services. Image technology will enable the Fed to offer an enhanced level of service by improving the response time for check retrievals and by providing greater access to check informa tion. To maximize flexibility, image service options can be used in the combination that best suits a financial institution’s operation. The Fed can also capture MICR data, truncate checks, and provide the options discussed below to institutions for over-the-counter items. Details concerning this service will be handled on a case-by-case basis. A description of each service is listed below. Basic Image Capture - This service represents the image capture of the front and back of all Fed processed items. It is required for cus tomers who utilize the other image services. Fees: $0,002 per item (front and back) $5.00 daily minimum Individual Image Retrieval - This service can aid in the return item decision, can be used for signature verification, or other research purposes. Requested images can typically be delivered within two For additional copies, bankers and others are encouraged to use one of the following toll-free numbers in contacting the Federal Reserve Bank of Dallas: Dallas Office (800) 333 -4460; El Paso Branch Intrastate (800) 592-1631, Interstate (800) 351-1012; Houston Branch Intrastate (800) 392-4162, Interstate (800) 221-0363; San Antonio Branch Intrastate (800) 292-5810. This publication was digitized and made available by the Federal Reserve Bank of Dallas' Historical Library (FedHistory@dal.frb.org) hours following a request. Images can be delivered via facsimile or, if a one-day delay is acceptable, on PC dis kette, paper, or CD-ROM (including media fee where applicable). Fees: $0.75 per item (front and back) notified via Fedline $1.00 per item (front and back) notified via Fax $1.25 per item (front and back) notified via phone Recurring Image Retrieval - A financial institution may request that images of certain types of items be sent on a daily basis. Criteria for selec tion include: dollar amount threshold, specific account numbers or random sampling. Images can be delivered via facsimile or, if a one-day delay is acceptable, on PC diskette, paper, or CD-ROM. Fees: $0.20* per item (front side only) $0.25* per item (front and back) *Plus media fee where applicable Select Image Bulk Delivery - A financial institution may receive images on certain types of checks on a bulk-volume media. A typical application for this service is if an institution delivers image state ments on selected accounts only. Media options include: 8 millimeter helical tape, 3480 tape or CD-ROM, which will be available the day after presentment. Fees: $0,007 per item (front and back) $10.00 daily minimum All Image Bulk Delivery - With this service, a financial institution can receive an image file on 8 millimeter helical tape, 3480 tape or CDROM containing all its Fed processed checks. As with Select Image Bulk Delivery, media will be available the day after presentment. Fees: $0,005 per item (front and back) $10.00 daily minimum Parameter Change Requests A fee will be charged if an institution wants to change its selection criteria or output media for all check image services. Fee: $10.00 per occurrence after installation Media Charges - If an image file is delivered on media other than Fedline or facsimile transmission, there will be a charge per oc currence. Credit will be given to the customer for each 8 millimeter tape and 3480 tape return. CD-ROMs or PC diskettes are not returnable. Fees: $1.00 per PC diskette $10.00 per 8 millimeter helical tape $10.00 per 3480 tape $10.00 per CD-ROM disk MORE INFORMATION For more information, please contact Annette Rivas, (915) 521-8259 or (800) 846-6858, at the El Paso Office. For additional copies of this Bank’s notice, please contact the Public Affairs Department at (214) 922-5254. Sincerely,
@FedFRASER