Remote Check Deposit

 
 
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Remote Check Deposit enables merchants to accept paper checks and electronically deposit them through a scanner in the back office or at the register. Converting a cumbersome paper payment into a fast electronic transaction streamlines the handling, managing and deposit reconciliation to increase the profitability of accepting checks.

Remote Check Deposit is a simple process that:
     
  Speeds up check deposits
  Reduces deposit and returned check fees
  Exposes repetitive check offenders within 2-4 business days
  Ensures better supervision of cash flow
  Helps merchants with multiple locations
  Removes the physical boundaries for choosing a banking relationship
  Integrates seamlessly with Bounce Back Check Recovery
     
Cash Flow Solutions analyzes your current check acceptance and deposit environments to determine which Remote Check Deposit application is most cost effective for your business.
     
Back Office Conversion (BOC)
   
BOC allows merchants to accept paper checks and convert them to electronic deposits in the back office using a scanner and a computer. The funds are typically withdrawn from a check writer's account the following business day, depending on time and type of check written. Deposited funds are available within 24-72 hours.
     
  The advantages of BOC:
     
  Transparent to your customers
  Does not alter or delay the checkout experience
  Useful for merchants with multiple locations
  Only one scanner is required per location
  Checks can be deposited anywhere
     
Point-of-Purchase Conversion (POP)
     
POP is designed for merchants who want to convert their paper checks to electronic deposits at the register rather than the back office. Cash Flow Solutions integrates the conversion process with the current point-of-sale system or deploys equipment to each register. Customers are required to sign a receipt authorizing the conversion and are handed back their voided check.
     
  The advantages of POP:
     
  Deposits checks immediately from the point-of-sale
  Eliminates all handling and managing of paper checks
  Reduces risks from physically depositing checks
   

 

 

 
     
 
     
 




The quicker a check

is deposited,

the sooner funds

are available, and

the earlier returned

checks can be

recovered.