CheckAlt’s item processing product suite covers five key areas: captured item consolidation, inclearings, returns processing, archiving, and statements.
- Our consolidation portal includes items captured using our ATM, branch, consumer mobile, and/or business RDC products.
- Inclearings is a Check 21 solution integrated to receive x9.37/Image Cash Letter (ICL) files from the Federal Reserve, able to perform MICR line correction on checks and account validation against core master files to reduce exceptions and posting errors.
- Returns processing allows CheckAlt to flag items for return.
- Archiving items allows CheckAlt to perform duplicate item search, reducing fraud risk.
- Electronic statements are stored in CheckAlt’s online archive, which is searchable and allows users to view and print statement data.