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Home > Products > Check21
Check 21 Benefits
Check 21 Benefits : Insite Banking System
- Faster collection and return of checks
- Reduce return handling costs and time
- Branches and ATM’s no longer tied geographically to processing centers or courier deadlines
- Extend deposit cutoff hours
- Reduce volume of physical checks
- Lower clearing fees
- Decrease item processing passes and thus reduce requirement for reader / sorters
- Operational Savings - infrastructure, encoding costs, paper storage, courier runs
- Reduce float for the depositor
- Encourages banks to implement online archives for faster check image access
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We find there are a lot less mistakes as the checks are read by CAR/LAR software and amounts are automatically put into the transaction fields, which eliminates a lot of keying by the teller.
