Item Image Processing

Item Image Processing
  A specialised form of Document Image Processing which is used to process cheques at high speed. Also simply called IIP. Both sides of the cheque are scanned simultaneously. The cheque image can then be stored electronically and the physical cheque does not need to be sorted and stored as is necessary in a non-IIP cheque processing system. IIP technology has been pioneered in the US where cheque clearing is regionalised and results in cheques being processed by more than one clearing house. See also Document Image Processing.

International financial encyclopaedia . 2014.

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