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Technology Solutions for North Valley Bank

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Technology Solutions for North Valley Bank

Introduction
Since technology has flourished over the years so have the society and the use and implementation of technology in our world. These advancements have impacted every part of our society and have affected all types of businesses in a positive way. Among these businesses is the banking sector. The advancement in the sector of information technology has opened up a new market and new opportunities for the banking sector. Those banks who capitalized on this enhanced communication resources have flourished. New services such as online banking, globally connected system of money transfer and debit card facility along with mobile banking have revolutionized the banking sector.
This year has promised to be a profound one for positive technological shifts in banking, the sort of disruptive change that is desperately needed in this industry. The last few years have put more strain on a business model already stretched by compressed margins, capital constraints and fee erosion. While the uncertain regulatory environment has magnified these concerns in 2012, a prediction of community banks seeking innovative technology to deal with these existing burdens and prepare to solve new, are still unforeseen, challenges.
In 2012, community banks that put effort into improving their use of technology will be better equipped to serve customers, improve efficiency, control costs and find new growth opportunities. The subject of this report is The North Valley Bank in Zanesville, OH. It is a small community bank that could expand their horizons with this technology.
Body
Some people prefer writing checks to using other means of payment, so businesses like to offer this payment option. This means that the business must physically take the paper checks to the bank periodically to collect the funds that the checks represent.

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