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SVPCo check image volume 5/8 PRNewswire SVPCo reported that monthly check image items & dollar value increased significantly in 4/08 compared to a year ago. SVPCo reported: Citibank & Regions began sending volume through the network. Average daily volume of 20.1m items, an increase of 118.4% compared to 4/07. 443.7m check images, a 128.8% increase compared to 4/07. $715.5b in dollar value, an 86.5% increase compared to 4/07. On 4/7, a record 31.2m items valued at $46b were handled by the network. There were a total of 22 processing days in April, compared to 21 in March. In 4/07, monthly items totaled 193.9m & monthly dollar volume was $383.6b. ‘Check image volume grew strongly again in April due to greater volume from existing institutions & the addition of new ones,’ said Susan Long, SVPCo. ‘We’re pleased to welcome Citibank & Regions to SVPCo. Image exchange through our network streamlines check processing & reduces costs at a time when the price of paper check processing continues to rise. We are ready to work with your institution today to implement a successful image exchange strategy.’