VECTOR Check Managemnet Solution
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The VECTOR Check Management Solution is a common capture platform for all of your item image processing requirements. You can use it to capture high-quality images during Prime Pass (either locally or remotely), perform bulk file and Exception Item Pull (EIP) sorts, capture incoming return items, as well as capture and encode outgoing BOFD items.
Yes, you can manage to keep up.
Check processing is changing fast enough to make a banker's head spin. You're facing the onset of check image exchange and the other implications of Check 21 legislation. You're wondering how to keep your processing system compatible with those of other banks as the years go by. And you're casting about for ways to "leverage" your image technology to enhance existing products and create new ones.
You can manage to do all that and more with the VECTOR Check Management Solution, a common capture platform for all of your item image processing requirements. You can use it to capture high-quality images during Prime Pass (either locally or remotely). Perform bulk file and Exception Item Pull (EIP) sorts. Capture incoming return items, as well as capture and encode outgoing BOFD items. In addition, you'll be able to create images for ECP items, and send and receive this image data with electronic cash letters. Check images are available during all item processing stages. In addition, the Solution can be the catalyst for your bank's transition to image exchange, while it will also manage your paper-based ECP process (data with paper to follow).
Is your bank "Check 21" ready?
The VECTOR Check Management Solution will help make sure you are by creating an efficient flow for the entire image exchange process. Data and image quality are verified as early in the process as possible. The Solution includes an integrated reject repair process for Day One and Day Two that is able to read and key unmatched items, and uses built-in "Large Table" logic for "out of order" items.
These capabilities allow groups of partner accounts to be compared with checks being processed: for instance you'll know which checks are yours and which belong to that bank you just acquired. You can also use the Large Table feature for the outsorting of exceptions on Prime Pass, to assist in fraud detection, and for check truncation.
The jam, repair and rescan features of the VECTOR Check Management Solution will help ensure that 100% of items are captured as high-quality images. The Solution also includes a "string manager" function that interrogates strings within your check processing system to locate a specific item. In addition, the Solution will merge images with data, and allow you to view items without printing.
What's the quality of your bank's image?
In the future, it may well depend on the quality of the check images you produce. That's why image quality is an inherent element of the VECTOR Check Management Solution. Quality is analyzed early in the process, and no system is more accurate. In fact, a customer recently reported capturing over 100,000,000 checks during their image process with no missing or problem images that were not corrected. This image quality far exceeds the Six Sigma standard most banks are trying to achieve.
The Check Management Solution includes an unique, proprietary jam recovery procedure that allows your operator to determine the proper distribution for each item involved. Automatic item sequence correction (re-sync) minimizes manual intervention because the Solution automatically adjusts to the order of items. And in an image environment, VECTOR Check Management eliminates the need to re-pass exception items for exception pull.
Revenue opportunities limited only by your own (image)ination
The Check Management Solution facilitates the enhancement of existing bank products and the creation of new ones, basically anything related to image and image quality. The Solution can export images to multiple repositories - typically, your image archive plus others which could include corporate products such as web access, image-based Positive Pay, corporate image review, automated Day Two processes and image CDs.
The Solution's "check mine" feature extracts valuable payor and payee data from check images captured during Prime Pass sorting. The demographic information gleaned from your customers' checks can be used to create a database for cross selling bank products. At the same time, the Solution interrogates deposits and extracts demographic information (i.e., ZIP codes) that your corporate customers could use to enhance their sales efforts. This is the kind of information for which they would pay for.
Resiliency is a virtue
The VECTOR Check Management Solution is resilient: when a disaster occurs, it can reconstruct your on-us archive, protect the data residing in the hard drive - even in the middle of a run - and rescan/recapture items, if you have the physical items available. This operation can even be performed on a lower-speed device to keep normal operations flowing on your high-speed units.
The Solution is designed for a single transport device (meaning the failure of one sorter doesn't stop the entire process). Its Image Capture Server (ICS) is connected to your transport device and provides image capture, image quality analysis and short-term storage. Since it's designed on a "one server per sorter" basis, it can keep your overall system in operation regardless of network or hardware outages.
The Solution that manages to make your bank better
Besides automating your check handling workflow, eliminating sorter passes, reducing paper handling and creating a common look and feel for all capture processes, VECTOR Check Management will help make your bank ready for Check 21, ensure the highest-possible image quality, facilitate the creation of new bank products and exhibit uncommon resiliency that will help you recover from processing disasters with minimal disruption.
In essence, the VECTOR Check Management Solution is the most accurate and reliable way available to populate an image archive and use the images the way you want, every day.
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