Check21PLUS Suite


Overview
EFT Network’s (EFTN’s) Check21PLUS Suite provides Financial Institutions of any size to take advantage of the efficiencies of Check 21. Check21PLUS Suite provides financial institutions with the ability to market and resell our Accounts Receivable Conversion (ARC) and Back Office Conversion(BOC) / Check 21 solutions to your commercial customers. Check21PLUS Suite, for both banks and your commercial customers, lowers costs, improves operations and services, accelerates clearings, and strengthens banking relationships.

Technology Behind Check21PLUS Suite is powered by a hybrid, “patent pending” web-based, check deposit system that processes and deposits all types of paper items as electronic transactions or substitute checks, better known as IRD’s, all through a single point of entry system. Check21PLUS Suite easily interfaces with our complete line of desktop scanners to capture and transmit images/micr data via our system, plus can clear through multiple end points.

Selling To Banks
Financial Institutions can strengthen their existing commercial banking relationships and attract new relationships at their bank locations by marketing Check21PLUS Suite, and our other ACH and electronic check processing solutions. EFTN can customize and private label our Check21PLUS Suite marketing brochures as if they were your own, for resale to your commercial customers who have multiple locations, who need fast clearing and availability of high dollar checks, and small retail customers who want the convenience of remote deposit capture.

Selling To Retailers
EFTN leverages its Check21 capabilities with its BOC solution. Check21PLUS Suite allows financial institutions to provide their commercial customers to use Check21PLUS as a BOC/Check21 solution, designed to accept all types of checks, either at the point-of-Acceptance (Retail such as, grocery stores, c-stores, department stores, medical facilities, and companies) or at manned bill payment locations, and convert them into electronic transactions, in the back office. Retailers who utilize Check21PLUS Suite can speed up the check out process, eliminate desktop check scanning equipment and signatures for conversion at the point-of-acceptance.

Financial Institutions

 

Features and Functionality

Check Images and Data
24/7 access to retrieve your check images and payment status.

Branch Capture
Capture of branch items rather than using couriers to physically transport items to a main location for capture and clearing.

Multiple Clearing Formats
Ability to accelerate check clearing either by Direct2FED, or interfacing with other clearing institutions.

Direct2FED
Ability to send your transit check items directly to the Federal Reserve in a Fed approved Image Cash Letter, DSTUX9.37-2003 file.

Data Security
All data transmission are performed via a secure web-based system.

Posting Files
Customized to your specific needs and can easily interface with accounts receivable applications.

CAR/LAR Technology
Improves speed and accuracy in the capture process and results in major savings in data entry/processing time, and error reduction.

And Much More...
Contact us for more information.