EDR in the News
Successful Implementation of EDR Release 1.0
On September 30, we successfully implemented EDR Release 1.0. Release 1.0 uses new technology and equipment that makes our return and payment processes more efficient. For instance, our four new scanners are faster and allow us to scan more types of returns and attachments.
We implemented Image Cash Letter (ICL). ICL allows us to electronically deposit checks into our bank accounts instantly by transmitting electronic images of the checks to our bank. Our new deposit process allows us to make many electronic deposits throughout the day versus one deposit per day.
On December 31, 2012, we will kick-off EDR Release 1.0.1. This release expands the types and volumes of returns and payments that we are scanning.