Item Processing

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.

Outsourcing allows financial institutions to quickly implement cost-effective imaging solutions for a lower total cost of ownership. Scalable outsourcing with CheckAlt gives financial institutions the power to efficiently absorb changes in technology, regulatory requirements, and industry trends.

CheckAlt’s duplicate detection operates at four levels of the deposit process: the capture channel, web-based management portal, CheckAlt’s back office, and CheckAlt’s archive. CheckAlt sets standard review periods at each level, and the items reviewed are specific to the detection level.