>rework is unpleasant for frontline staff and customers alike.
Moreover, account opening paperwork can put your business at risk. Forms and signature cards
may lack sufficient audit trails and security measures to assure compliance. Private customer
datawhether in transit or in branch files as shadow copiescan be com promised. Delays
in making master signatures avail able to your tellers can invite deposit fraud, and pre-printed
starter checks can be misplaced.
HP solution at a glance
Using networked HP multifunction printers (MFPs) and specialized software, the HP Account
Opening Accelerator for Banking solution can expedite three challenging elements of
new accounts:
Application forms printing and processing
Signature card printing, scanning and routing
Starter check issuance
Application forms: While most accounts are opened during a sit-down interview, busy
customers may want a form to fill out at their convenience. By automating form processing,
branch staff have more time to build meaningful relationships with customers. The HP
solution helps you add a bar code to the form to automate image recognition and routing.
The bank employee simply:
Prints the application form at the HP printer and gives it to the customer
Submits customer information using a single touch of the MFP control panel to send
the application over the network for quick processing
What if you could
Provide superior customer service by speeding
start-to-end account setup from several days to
several hours, including all back-office work?
Improve compliance and security measures
by safe guarding customer information and
automatically creating audit trails?
Reduce the cost of opening new accounts
by trun cating frontline staff paperwork, and
automatically routing form images to back-
office workflows in seconds?
Thats alternative thinking about printing.
Technology for better business outcomes
HP Account Opening Accelerator
for Banking With this approach, your institution can track
the application at all times, and better protect
customer information.
Signature cards: Unfortunately, many banks do
not have all of their signature cards archived.
With the HP solution, bar-coded signature
cards are scanned at the HP MFP and sent
directly to the back office, eliminating the need
for shadow copies. An instantaneous receipt
confirms the transmission. With the master
account signature available in every branch in
minutes, your tellers have the tools to halt new
account fraud.
Magnetic Ink Character Recognition (MICR)
starter checks: With the HP solution, branch
staff can print personalized MICR starter
checks during the account opening. Your
cus tomers will have checks that merchants
accept more readily. And by eliminating
stocking and sign-out of blank, negotiable
starter checkbooks, your bank will remove
one more security risk.
JONATHAN DOE
123 Main Street
1234567890
Optimized and machine-readable
signature card and/or application
forms printed with bar code.
1.
Documents securely scanned at MFP
after customer completes and signs.
2.
Images routed to exception handling/form
processing server, then routed to archive.
3.
Personalized starter checks are securely
printed with MICR encoding.
4.
Technology for better business outcomes
© Copyright 2008 Hewlett-Packard Development Company, L.P. The information contained herein is subject to change without notice. The only warranties for HP
products and services are set forth in the express warranty statements accompanying such products and services. Nothing herein should be construed as constituting
an additional warranty. HP shall not be liable for technical or editorial errors or omissions contained herein.
4AA2-0661ENW Rev 1., September 2008
To learn more, visit
www.hp.com/large/solutions/financial-services
HP Account Opening Accelerator for Banking
HP three-part approach
HP imaging and printing solutions help enterprise customers reduce costs, increase worker efficiency and accelerate
business results. Specifically, we work with you to: optimize infrastructure, manage environment and improve workflow.
Optimize infrastructure
Manage environment
Improve workflow
By aligning specific IT operations with business
goals, HP can help solve todays issues and
build a plan for the future to address your most
critical challenges.
Working together, we can help you focus more
on your business, reduce support and supplies
costs, and tighten security.
By streamlining your document-intensive
processes, we can help you deliver a more
efficient and accessible environment for
managing and sharing information.
Why HP?
HP is recognized as the global leader in imaging and printing solutions for large
organizations. We offer technical expertise, and reliable products and solution sets that
allow our customers to benefit from:
How do you get started?
Contact your local HP representative to:
Set up a workshop with HP to assess your specific business needs.
Establish a plan to implement the best solution for today and into the future.
Identify an environmental approach that can help your company save money.
To learn more, visit
www.hp.com/large/solutions/financial-services
.
Consulting services, including procurement,
installation, management and support that
can be custom ized to enhance your
organizations effectiveness
Relationships with industry-leading
solution providers
Powerful solutions to optimize your
environment, improve the bottom line
and help the planet