Improve the Way You Handle Paper Checks Through Electronic Deposits
New remote deposit capture technology improves back office processes for businesses that deal with a large number of paper check payments. This Internet-based check management system allows you to deposit your paper checks right from your office without driving to the bank to wait in line or worrying about night deposits, deposit deadlines and employee security. Most systems also provide a secure online digital archive of all deposited items that eliminates the need to photocopy and store checks, while making searches for past checks quick and easy.
To help modernize the Federal Reserve System, federal law was recently enacted--known as "Check 21"--allowing an electronic image of a check to serve as the legal equivalent of the original paper check. Remote deposit capture technology allows you to create that electronic image, or substitute check, right from your desktop and securely transmit it to the banking system for deposit.
Most systems use a computer with high speed Internet access, a digital desktop check scanner and a secure web interface to move your check deposits electronically from your business to your bank. Information is secured using SSL encryption and pre-determined access rights ensuring the protection of confidential information.
Unlike most electronic check services, remote deposit capture can be used with business-to-business checks as well as consumer checks.
A Remote Deposit Capture solution is available through the NFIB Credit Card Processing Program and Solveras Payment Systems. Please visit http://www.solveras.com/nfibrdc.html to watch a short video demonstration of this technology in action or call (800) 619-5301 for more details.
