BillingTree Deposit - Check 21
Eliminate Paper Checks - Get Paid Faster
With the enactment of Check Clearing for the 21st Century Act (Check 21) banks are no longer required to physically exchange original checks. Check 21 facilitates significant change in the way checks are processed in the United States, exchanging electronic images of checks with is faster and more efficient than physically transporting paper checks.
BillingTree's Check 21 Imaging application is the comprehensive solution for the imaging of your business and money order items. Coupled with BillingTree's
Deposit solution this powerful application utilizes the latest technology to allow your business to realize the benefits of remote deposit capture with minimal capital and human resource investment, while ensuring that ALL items can be moved electronically.
Reasons to Use BillingTree Check 21 coupled with BillingTree Deposit
Under Check 21, banks, credit unions, and savings institutions will be able to use digital images and electronic check information to create substitute checks. This allows financial institutions to collect and return checks more quickly without waiting for the original checks to be delivered to the
institution's processing operation. Contact BillingTree to see a live demonstration or to begin imaging checks today!
Business Benefits
- Transfer funds in days, not weeks
- Eliminate courier costs
- Require fewer personnel to manage manual processes
- Re-Present NSF returns automatically
- Lower total cost of accounts-receivable processing
- Maintain a high level of automation
Features
- Simple Installation
- Intelligent Character Recognition engines (OCR, CAR, and LAR)
- Item-type identification permits commercial checks, consumer checks
- Integration with internal accounts-receivable systems
- Full integration with BillingTree's suite of solutions allows paper checks to be consolidated along with payments captured from other channels
- Advanced reporting
