EDS*PAYSM for Check 21 Services
Electronic Check Clearing Solutions with Check 21 System
EDS*PAYSM for Check 21 Services Executive Overview
- Provides Remote Capture to your large depositors such as corporate customers without the need to invest in your own product and associated support personnel
- Delivers rapid installation of new Remote Capture customers
- Takes advantage of electronic check clearing without the need to implement an expensive electronic switch
- Easily integrates new capture sources with existing electronic clearing capabilities
EDS*PAYSM for Check 21 Services is a suite of products that provides large billers, banks, and banks' large corporate clients with the ability to turn checks into electronic transactions.
EDS*PAYSM for Check 21 Services consists of two main service areas:
- Remote Capture: A remote capture platform is used by banks and their corporate clients to capture checks and transmit their images for electronic clearing.
- Digital Check Clearing: This service converts the imaged check into one of three file types based on client preferences:
- Automated clearinghouse (ACH)
- Image Exchange
- Image Replacement Document (IRD) print for presentment and payment at a financial institution.
EDS*PAYSM for Check 21 Services provides hosting, application support, help desk support, and implementation services. As of April 2008, EDS has supported the implementation of more than 3,000 remote capture locations.
EDS*PAYSM for Check 21 Services Available Features
- Implementation services, hosting, application support, and help desk support.
- Deployment and support for Remote Capture hardware and software
- Electronic switching with client-driven decisions to send your digital check transaction to an Image Exchange, Image Replacement Document (IRD), or ACH accounts receivable conversion (ARC) file format
- Faster check-clearing process for non-local items
- Facilitates consolidation of regional depository accounts
- Unlimited endpoint and sorting capabilities
- Readily integrated with your check, remittance, branch, ATM and distributed capture solutions