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check imaging information
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Related topics

  • imaging software & hardware
  • check scanning
  • check scanners
  • back office conversion
  • remote deposit
  • document imaging
  • check 21 changes
  • Delphi developer's image components

Benefits of check imaging

The benefits of check imaging are, not surprisingly, related to money, time and efficiency. Which of these benefits would help you the most?

Save money

  • The closer to the beginning of the check clearing process that paper leaves the process, the greater the benefit of reduced costs. What costs? Courier transport. Multiple passes of checks. Sorter wear and tear. Consumables. Operator expense. Operator error. Research time for adjustments. Collection cycle expenses. Float expense. Return item expenses. Check write-off loss. Day Two expenses as items move to Day One. Item collection costs.

Improve response time and accuracy

  • Faster access to archived check images facilitates processing and allows timely answers to customer inquiries.

Reduce risk of fraud

  • The sooner a problem is detected, the less hassle and expense is involved in solving it.

Simplify check processing

  • The fewer the people handling checks, the more the opportunity for operator error and check loss is reduced.

Improve services

  • Imaging allows for greater flexibility in information storage and retrieval, which enables banks to improve and increase services.

Replace microfilm

  • The use of electronic check processing supports a simpler, better way to access, store, index, retrieve, and distribute information about an individual check.

Convert to image accounts

  • Paper checks may be destroyed at some point in the check clearing process, making it impossible for banks to return paper checks to account holders.

Increase functionality and income

  • Check imaging adds positives to the bottom line as well as reduces negatives. Increased fee income. Increased demand deposits. Increased short term lines of credit. Increased dependability over courier delivery. Credits and fees for dollars posted early.

See also

  • ACH options - there are three ways for businesses to clear checks through the Automated Clearing House: POP, ARC, and BOC. See how they compare to each other .
  • Check 21 changes - a fundamental change is occurring in the world of checks, for both businesses and banks
  • remote capture with remote deposit - ChekDirect solves the problem simply
  • remote capture without remote deposit- TEKScan provides one-sided scanning for simple microfilm or photocopying replacement
  • back office conversion - TEKScanRC helps you collect the information needed to package information for ACH clearing
  • ACH - ACHLink connects your check scanner with the ACH network
  • check scanner choices - single feed or batch scanning, one- or two-sided scanning. Digital Check. Canon. Magtek.
  • check imaging solutions - the ChekScan suite of products offers a variety of check imaging software, from stand-alone to networked to enterprise
  • software/feature checklist - which ChekScan software product best meets your needs? our checklist can help you decide
  • ChekScan testimonial - Digital Check thinks highly of our products; see why

Contact us for more information.

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