Check Processing: CoreStates Check Processing Unit Asserts Itself inClearing Business

Abstract

Transys, the nine-month-old Philadelphia check processor, has slowly been edging out from under the shadow of its parent, in order to create its own identity as a check-clearing house to serve CoreStates as well as its competitors. To help meet that objective, Transys has set out to develop its own systems and operations, separate from the holding company.