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FAX Becomes Money Maker…
In an innovative and creative move to serve the small business people in the neighborhood, the First National Bank of Phillips County in Helena, Arkansas offers its FAX machine as a service for customers.
They charge $10 per page for sending documents, and $2 for documents received on the FAX and picked up by customers.
They also use the FAX to transmit documents between the branch and the loan-processing department, speeding up the loan application response time.
Copyright © 1990 Bankers' Hotline. Originally appeared in Bankers' Hotline, Vol. 1, No. 12, 12/90
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