FlexDirect processing overview.
Merchant / Corporate Account Benefits.
- Eliminate branch deposit runs by performing deposits from their place of business
- Deposits can be performed more than once a day, even extending business day cutoff times
- With geography less important, businesses with multiple offices can simplify their bank relationships by eliminating branch accounts that serve separate locations
- Earlier deposits using check imaging allows a financial institution to process and clear items more easily, resulting in better funds availability schedules to the business
- Faster deposit processes enable businesses to identify and reduce the risks associated with returned items
- The user-friendly system design is easy to use by any employee
- Scanner hardware is tailored to the processing goals of each business, making implementation as affordable as possible
- Simple Internet connectivity
- Leverages Check 21 legislation
- Automatic MICR and optional CAR/LAR capabilities further streamline the deposit process, especially for larger business accounts
- Image quality analysis is integrated to ensure items are processed efficiently
- Deposit information is securely transmitted to the financial institution using SSL data encryption
- Following NACHA guidelines, permitted items can be converted to ACH debits
- Depending on processing objectives, applications can be tailored to support both low and high volume depositors