George Thomas Payment Quotations

Check image volume in the Image Payment Network is growing rapidly because participating financial institutions are quickly recognizing the system's enormous potential for cost reduction and improved efficiencies. In January, the Image Payments Network set two records for volume and one for total dollars, and we expect that growth rate to continue for the foreseeable future.

If our competitors want to do the same things, they really have to become payment system operators. They'd have to integrate it in-house and then get approval from the Fed to do settlement, and that's a big step.