|
Express Deposit
Express Deposit is an electronic check clearing business tool that streamlines the entire bank deposit process so you can make check deposits without ever leaving your office.
It is a secure system that eliminates the physical transfer of checks, reduces manual processes involved with deposit preparation and provides for online image storage and research.
How Express Deposit Works
All you need is a standard Internet-enabled desktop computer and a check scanner. The scanner images the front and back of the checks you receive from your customers, ensures image quality, determines and populates the dollar
value of the checks reducing the need to key in the amounts. Both consumer and business checks can be scanned and
deposited.
How Express Deposit Protects You
- Duplicate checking ensures that checks are not deposited twice - the system checks up to twelve months of deposit history.
- User entitlements for segregation of duties - have one user scan checks and another user approve and submit deposits.
- Audit trail information - provides a record of all user activity within the system.
- Image quality assessment - all scanned check images meet the bank's requirement for quality.
- User dollar limits are set by you to enforce deposit approval and submission limits.
Benefits of Express Deposit
- Reduces time and costs - eliminates daily or weekly trips to the bank or the use of a courier service and associated expenses. Reduces the time and effort required to process check payments.
- Improves funds availability - by making electronic deposits, your transactions can be processed sooner than if deposited at a branch thereby accelerating the availability of funds.
- Consolidation of Depository Relationships - eliminates the need to have multiple deposit accounts at different banks. Simplify your accounts to a single bank relationship.
- Multiple Locations - scanners can be installed at multiple locations enabling each location to deposit checks into a common business account eliminating multiple night deposits from various locations.
- Security - features the latest encryption technology and password protection to ensure the security of transmissions.
- Export capability - integrates deposit information with your accounting system.
- Fully-browser based - no application software needs to be installed.
- Check copies - no need to photocopy checks as deposit detail and check images can be printed. Check images are stored and available for a limited time.
To Learn More
To find out more about Express Deposit, contact us at 203-431-7431 or toll-free at 1-877-431-7431 or visit any branch location.
|
