A CDE Definition
(BancTec, Inc., Dallas, TX, www.banctec.com) A diversified systems integration and services company founded in 1972 that specializes in automating applications for the banking, financial services, insurance, healthcare, government, utility, telecommunications and retail industries. BancTec merged with Recognition Equipment in 1995, thereby broadening its product line to include software for electronically processing credit, debit and courtesy cards and for electronic check authorization. Its PayCourier Archive and legacy OpenARCHIVE software are designed for high-speed archiving of financial document images and related transaction data.
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