Remote Deposit is an entirely new way for Business customers to process and deposit any type of check. It is a high-quality back office electronic payment processing solution that requires only one image scanner per business location - it saves the business time and money!

Non-consumer payments are processed via the new Check 21 Act, and consumer payments can be processed as ACH items - all through a single scanner.

Remote deposit revolutionizes the rigorous payment processes most businesses encounter, in addition to many other benefits!

Key Features

• Submit checks electronically
• 24/7access to retrieve check image and authorization via secure website

Process

• The Consumer presents a completed check to the merchant, who stamps or prints the endorsement stamp or prints the endorsement stamp on the back of the check authorizing the ACH transaction.
• The Consumer signs the authorization for conversion and return fee stamped on the back of the check.
• At the end-of-day, the checks are scanned in the back office via secure web site and processed by high-speed web hosted software through the system. The images of both sides of the source check, including the authorization, are captured at a single point and processed as one of the following transactions PPD for Consumer accounts, CCD for Corporate accounts, Paper Drafts, or Check 21 IRD's for items that cannot clear electronically.
• They system automatically distinguishes and converts Consumer items, processed as ACH items, from Non-consumer items including corporate checks and payroll checks, which are processed as Check 21 IRDs.
• The funds are debited from the customers account and available in your bank account within 24 to 48 hours.

Benefits

• Reduced trips to the bank! - Allows for electronic processing of ALL checks drawn on US banks.
• Economical! - Requires one scanner per office locations, versus multiple scanners
• Easy to set-up and install! - Web-based Access
• Requires very minimal training!
• Better Availability. Instead of 3-5 days waiting for funds to get processed through the banking system (or being held at the business because of lack of time to get to the bank!) Remote Deposit.
• Faster Payment Document Management. Copies of checks in the past needed to be researched by searching through paper files or requested from the Bank. With Remote Deposit check images are available 24/7.
• Easy Accounts Receivable Reconcilement. Remote Deposit software allows an upload of customer and payment date-no separate keying!