Check 21 enables your credit union to electronically transmit images rather than circulating paper checks for reimbursement. Physical check processing costs are rapidly increasing, amounting to nearly twice that of electronic checks. A paper check is physically handled an average 26 times during processing - adding days to the total processing time.
Our solution is certified for all aspects of The Check Clearing for the 21st Century Act, commonly referred to as Check 21, including inclearing receipt, transmission of outgoing cash letter to multiple end points and exception/return processing.
The moment an item is scanned, the electronic image is immediately available to your staff from any workstation. In addition, character recognition software is used for fraud purposes to perform both Courtesy Amount Recognition and Legal Amount Recognition (CAR/LAR) on all scanned items.
The Sharetec Check 21 solution has the features and functionality you need to process your items efficiently, accurately, and reliably. Maximize efficiency, improve member service and begin reallocating valuable human resources to other areas of your business with Sharetec's Check 21. Give your entire staff the tools they need to retrieve, examine, make decisions, and answer member inquiries right from their desks.