Smith and Herget start AutoMail, LLC, and succeeded in developing AutoMail for banks. In the process, it would CASS code addresses and PAVE sort the items in postal, pre-sort order. As a result, they began to develop manifesting software for banks offering image statements, software that would count pages, know the weights of each sheet, the envelope and allow for any inserts in a given statement. Smith and Herget are recertified as USPS Business Partners and the more they promoted Manifest Mailing the more they realized there were no solutions in the marketplace, no affordable, in the box, solutions that would help them achieve their mission for the USPS. Work share discounts amounted to a 25% hard dollar savings on postage costs. If large mailers would help the USPS save on the rising cost of processing and sorting mail, the mailer would be rewarded for their efforts. For their part, the USPS would reward mailers with lower postage rates resulting from “work share” discounts. They were former senior bank officers who had started separate businesses Smith founded and managed a mail fulfillment business and Herget founded a full service marketing company.Īs newly certified USPS business partners their stated mission was to advocate for manifest mailing and to help their large mailing clients present their mail in postal pre-sort order. Smith and Herget are invited by the USPS to become certified Business Partners. No more bulky, hard to handle loose-leaf checks to count and stuff. Banks using Check Imaging could produce monthly checking account (or DDA) statements using digital images of checks neatly displayed on standard sized sheets of paper, several to a page and printed on both sides. Using electronic data instead of physical items, the time it took to clear a check through the payment system went from an average of four days to less than a day. Partners Harry Herget and Steve Smith, become involved with a new technology for banks called “Check Imaging.” At this time, banks were clearing about 70B paper checks a year through our payment system and check imaging offered the advantage of eliminating the paper items and replacing them with exact, digital copies that were acceptable proof of payment by the IRS, the Federal Reserve and the Uniform Commercial Code AND could be exchanged electronically.
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