Solutions > Check 21

Flexible Check 21 Solutions

Teller, Branch, Merchant and ATM Item Capture—
a seamless and automated process to the Fed and other endpoints

Now instead of managing paper checks with those related costs and problems, you can manage data using software. IMM's Check 21 solution offers financial institutions a smooth transition into the new era of payment processing allowing them to realize the potential gains in efficiency by reducing operating costs and fees. Financial Institutions exchange cash letters, with images, directly or through exchange organizations which eliminates the need to encode checks, manage paper checks and incur the cost of couriers.

Features & Benefits

Electronic Check Capture

Eliminates the expense of transporting paper checks.

Tellers can balance throughout the day.

Capture images and data at the point of presentment automatically while truncating checks.

Sort Pattern Look-up.

Segregates non-post items (i.e. deposit slips, etc.) and on-us checks.

Character Amount Recognition (CAR)
and Legal Amount Recognition (LAR)

Eliminates most data entry.

Reduces errors and improves efficiency.

Intelligent Repair Image System (IRIS)

Re-orientates check images in-line if they are upside down or front side back.

Reduces check image rejections by preventing incorrect information from being processed.

Verifies MICR lines readability and detects image file issues.

Image Quality

Detects bad images that may be returned and prompts the user to rescan.

Electronic Cash Letter Generator

Creates electronic cash letters for all outgoing prime and return item work for the defined electronic end-points including multiple types of cash letters to a single end-point.

Reduces clearing costs.

Check 21 Inclearings and Returns

Financial Institutions can receive their return files electronically from endpoints.

Identifies the Financial Institution of first deposit for each returned item and presents the matched information to an operator with images for confirmation.

Interfaces with Federal Reserve, Corporate CU's, Endpoint Exchange, SVPCO and any other exchange capable of exchanging files on X9.37 or COFF format

Reduces dependency and cost of couriers.

Audit of all incoming and outgoing files.

Settle and collect funds faster, improves the float.

Improves deadline compliance.

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