Optical disk storage spinning into wider use. (Technology/Operations)

American Banker | July 29, 1994| | Copyright

Optical disk technology, long held out as a savior to large banks with a plethora of paper, has been increasing in popularity among banks both big and small. Originally perceived as a way to access check images quickly, the technology is now used for mortgage documents, letters of credit, signature cards, and any other documents banks need to store and retrieve.

Cost effectiveness, a need to eliminate the vast amount of paper and costly microfiche, and the ability to access information more quickly and easily have recently driven even communitysize banks to embrace this ...

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