Electronic Check Clearing
ProgressSoft's Prompt ATM/CDM enables capturing of checks from Check Deposit Machines, to be presented electronically to the bank on behalf of the bank teller. This allows your customers to deposit checks at their convenience during the bank's off-working hours.
Prompt ATM/CDM scans the checks as they are deposited at the machine and directly posts the imaged checks to the bank. This replaces the checks' entry stage at your bank, cutting down time and labor effort.
Another member of PS-ECC Suite of Electronic Check Clearing Solutions, Prompt ATM/CDM exploits your bank's existing ATM/CDM infrastructure along with your clearing system to streamline your check handling procedures. This actualizes an expedited clearing cycle, ultimately resulting in faster fund recognition and a higher level of satisfaction among your customers.
While presenting a smooth check depositing option for your bank customers, initiating check electronification from the ATM/CDM introduces substantial cost savings, with reduced courier and check processing expenses.
Prompt ATM/CDM seamlessly integrates with ProgressSoft's Check Clearing Solution, Prompt Check, by which an electronically conducted check clearing process can be carried out at the bank. Check images can directly undergo the verification and clearing procedures or can be reprinted as IRDs (Image Replacement Documents) if necessary.
Faster Clearing of Checks
The check clearing cycle taking place at the bank is significantly accelerated with Prompt ATM/CDM, accordingly result in better float control and fraud reduction, generating a higher level of satisfaction among the bank customers.
While presenting a smooth check depositing option for bank customers, initiating check electronification from ATM/CDMs introduces substantial truncation of check clearing costs, with reduced courier and check processing expenses.
As theft and damage prone paper checks are substituted with electronically transferable files, all efficiencies and risks of handling checks are eliminated.