S E C T I O N S

In Clearing -- CHECK-21

FRB MICR, Check Image and Positive Payment System

Functional Specs

Key Features

• Process MICR, Check Images and Match against Positive Payments and Stop Payments.
• Automatic update Positive Payments and Stop Payments with SWIFT MT110 and MT111 from SWIFT or manual Tab delimited excel files.
• Manual entry of Positive Payments, Stop Payments and CIF.
• CIF update interface.
• Audit trail of every operator action and System Updates.
• Integrated with webFiche
• Automatic Harvesting of MICR and Image files.
• Monthly Image Extracts for Customer Statements as PDFs.

Key Benefits

• Check data enriched with Payee and Issue date from Positive or Stop payment for OFAC screening.
• EOD done by User and generates Positing file.
• Detect fraudulent checks and send e-mail alerts to issuers with images attached foir visual verification. And Much more ............................

Click Demo to schedule a demo.