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Financial legislation is expected to improve the efficiency of the nation’s payment processing system by allowing banks to exchange checks electronically. All checks and payment notifications that the Fed sends to your bank or credit union will be via Fed Receipt because the Fed stopped accepting checks in paper form in 2010. Now all financial institutions are required to use the Fed Forward electronic check processing method or Check 21.
Imagex has a wealth of experience implementing and supporting Check 21 solutions for banks and credit unions.
We understand the financial services industry and we know how to best tailor our products and services to meet your needs. Our solutions are rapidly deployable and can make your transition from paper check processing to the electronic era seamless and smooth. Our product suite allows financial institutions to exchange electronic cast letters with images directly to the Federal Reserve. This eliminates the need to encode and courier outbound checks, which can significantly cut costs.
Along with offering and supporting your software solution, we have many years of experience selling check scanners for branch or remote deposit capture with incomparable maintenance options to fit your needs. In addition, we also offer currency scales, cash recyclers, ATMs, video banking kiosks and more. Please visit our hardware shop for additional details.