Improving Transit Check Clearing Operations at Maryland National Bank

Robert E. Markland and Robert M. Nauss
Additional contact information
Robert E. Markland: College of Business Administration, University of South Carolina, Columbia, South Carolina 29208
Robert M. Nauss: School of Business Administration University of Missouri-St. Louis, 8001 Natural Bridge Road, St. Louis, Missouri 63121

Interfaces, 1983, vol. 13, issue 1, 1-9

Abstract: One of the most important ways for today's banks to improve productivity is to speed up collection of funds of out-of-town (or “transit”) checks. A computerized integer programming model for transit check clearing has been developed and implemented at the Maryland National Bank, Baltimore. This model has improved the efficiency of transit check clearing and resulted in yearly savings in excess of $100,000.

Keywords: financial institutions: banks; programming: integer; applications (search for similar items in EconPapers)
Date: 1983
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