Check 21 Solutions
Email This 
Print
Metavante Image Solutions is leading the way with solutions and services to help
your organization realize the full potential of new industry initiatives revolutionizing
traditional check and payment processing.
Solutions for Check 21
Leveraging new federal legislation which enables Financial Institutions to truncate
paper checks at the bank of first deposit, and perform all downstream clearing and
settlement functions with images, and image-based "substitute checks".
VECTOR
Best-of-breed check image processing for large financial institutions - solutions
proven in demanding environments address all aspects of check processing from capture,
correction, balancing, and image exchange, to returns, exceptions, and adjustments.
VECTOR offers Check 21 solutions for both businesses and financial institutions.
VECTOR Check 21 solutions for financial institutions enable banks to realize the
benefits of processing check images while leaving the paper checks behind. VECTOR
Check 21 solutions enable businesses to realize the benefits of earlier availability
of funds through electronic image deposit of checks and payments.
Large scale Check 21 Solutions
Vision
Broad Range check and remittance processing for mid-range institutions - unites all
processing and systems under one common infrastructure, providing a fully integrated
and seamless approach to image-enabled payment processing.
Metavante Image Solutions has the been premier provider of check imaging solutions
to the community banking market for over a decade, with broad range imaging solutions
that provide a critical market advantage to realize the full potential and benefits
of the Check 21 legislation.
Metavante Image Solutions and the Independent Community Bankers of America (ICBA)
have answered the challenge of how to deliver feature-rich, affordable “Check 21
Ready” imaging solutions to the community banking market.
Metavante Image Solutions is endorsed by the ICBA as the preferred provider for
check and document imaging solutions. The Metavante Image Solutions “Fast Track
Check Imaging Program” is the ideal solution for community banks looking to acquire
their first in-house check imaging solution. The Metavante Image Solutions Fast
Track Check Imaging solution provides a comprehensive “Check 21 Ready’, broad range
check imaging system for the community banking market, designed to be fully operational
in a just a few short weeks. This program ensures that community banks get the check
imaging software and services to match their precise strategic requirements at a
very affordable ICBA negotiated price.
Broad Range Check 21 Solutions
Direct
Distributed capture across all points of presentment - image-based distributed capture
solutions that provide for the capture of items at their source - ATMs, branches,
merchant sites, and retail point-of-sale - removing paper from process, lowering
the cost of payment processing, accelerating check clearing, and maximizing cash
flow.
Distributed image capture has quickly emerged as the most popular and successful
commercial customer application enabled by the Check 21 Act.
In today’s post-Check 21 operating environment commercial customers are demanding
products that help them in deposit preparation and delivery, the collection of payments,
the reduction of returns, and the overall improvement of cash management. Merchant
capture addresses all those needs by allowing commercial customers to capture the
images and transaction data of checks accepted for payment and to deliver that information
electronically – in a format such that the checks can be processed as if the items
had been physically captured on site. Merchant Capture is a winning proposition
for banks as well. Financial institutions recognize an assortment of benefits, including
closer business ties with commercial customers, long-term growth in deposit balances,
and the expansion of deposit services to new regions.
Branch Capture improves branch transaction processing and reduces back office processing
costs while optimizing the truncation-related benefits of Check 21. Truncating checks
at the point of deposit permits the exchange of images instead of paper checks,
meaning faster clearing and settlement, reduced float, and a reduced dependence
on the infrastructure needed to move paper checks.
Check 21 enables financial institutions to leverage advanced ATM deposit and imaging
technology to expedite deposit transaction posting, clearing and settlement. More
and more financial institutions will be looking to image capture and truncate checks
at the automated teller machine (ATM), a point of first deposit. ATM Capture is
a strategic solution that allows ATMs to become an important delivery channel and
strategic capture point while increasing the value proposition of the ATM program.
Distributed Check 21 Solutions
Check 21 Consulting Services
Check truncation and check image exchange technology will transform the way your
financial institution handles check clearing and settlement. Some changes are strategic,
and will impact your customers, while others are operational and will reengineer
your back office. In both cases the Metavante Image Solutions Consulting Services
Team will help you develop specific strategies for managing down the cost of your
paper check clearing infrastructure and leverage the paper converting technologies
of truncation and check image exchange.
When you consider the difficulties created by consolidation, mergers, "Check 21"
and increased competition, it's obvious that banks today are venturing into new,
undefined territory. Metavante Image Solutions Consulting Services helps financial
institutions negotiate that rugged terrain by providing management consulting and
business practice improvement that make banks more profitable.
Maintaining an unwavering focus on the banking business, Consulting Services is
designed to assist financial institutions in their efforts to grow and succeed in
this time of unprecedented change.
Check 21 Consulting Solutions