CV's Remote Deposit Capture solution provides a high-and low-volume deposit capture system for virtually any commercial entity, including online merchants, who accept checks as a form of payment. This fully integrated, Web-based electronic payment processing system leverages a check scanner to convert paper checks into electronic transactions. It then processes them through the ACH network or Check 21 image exchange network. In addition, the system automates returned check re-presentment, generates real-time reporting, and supports proactive risk management.
Our patent-pending process supports one-time payments by accepting check and account information over the Internet. This processing is done in a totally secure environment. This innovative solution increases revenue, improves efficiencies, and enhances customer relationships by combining the flexibility and immediacy of electronic payments with the familiarity of paying by check. In addition, the money is delivered to your bank account seamlessly without the need to run checks constantly to the bank.
CV's Remote Deposit Capture is a Web-based, check image capture, storage and processing solution that enables companies to deposit paper checks of all types electronically. With the passage of the "Check Clearing for the 21st Century Act" (Check 21), paper checks can be cleared electronically through the process of check image exchange, and/or converted to ACH transactions for collection. Check 21 allows a company to process any type of check, including corporate checks, consumer checks, cashier's checks, third-party checks and money orders.
CVs' technical infrastructure provides secure check processing. Least cost routing and speed of collection are optimized and duplicate deposit items are optimized and duplicate deposit items are prevented. Our Remote Deposit Capture product offers optional courtesy amount recognition (CAR) and legal amount recognition (LAR) in lieu of key entry.
CheckVantage offers value-added services that insure greater accuracy, helps streamline the conversion process, helps identify errors and reduces risk. We can perform item proofing for deposits. Any required MICR repair is handled by our staff. Additionally, we ensure that the files are balanced. Let our consultant demonstrate our RDC products that will take your company into the next generation of payment processing today.