MYWEBDEPOSIT
Summary:
First Neighbor Bank’s MyWebDeposit allows the bank’s commercial account customers to capture items at their business locations anywhere in the world and deposit them electronically into their account here at the bank. The system converts paper transactions into image-based transactions, and then transmits them to the bank via a secure Internet connection.
Benefits to the Merchant:
Simplifies banking relationships
Saves time – no more trips to the bank to make a deposit
Saves money
- Improved cash flow
- Improved funds availability
- Travel expenses significantly less (Fuel and/or mileage expense)
- Fewer returned items
Reduces errors; Improves management control
Enhances bookkeeping/research abilities
How it Works:
A PC and a check image scanner are set up at the account’s facilities. Throughout each day, the checks that they wish to deposit are run through the scanner to capture MICR information as well as front and back images of all items. Images are encrypted for security, and transmitted to the bank, where the deposits are processed. Typically this process is supported by Courtesy Amount Read assist software (CAR/LAR), which does automatic amount recognition. Conversely, the amount entry and balancing functions may be distributed to the Merchant; at the Bank’s discretion. Email alerts and reports notify all parties of the status of the transaction, including whether any further action is required. Image Quality Assurance software (IQA) tests images to insure that image quality is within standards and provides the information for immediate resolution of image defects.
Requirements:
- A PC workstation connected to a branch capture device
- High speed Internet or VPN Access
- Summit.NET Remote Deposit Manager software
(Optional CAR/LAR license)
- Printer
The image shown in the upper right hand corner of this page is a Unisys MyVison X scanner. This machine is no larger than your average destop adding machine/calculator.
PC Workstation Minimum Requirements:
Pentium 4 - 1.6ghz Processor/Equivalent or above
512mb RAM (1gb preferred)
At least 10gb available free hard drive space
Microsoft Windows XP Professional (Contact us for other O/S support)
Available USB 2.0 port
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