OnNet
Centralized, web-based management for payments, settlement, clearing, electronic data workflow and communications between correspondent and respondent institutions and other endpoints.
OnNet correspondent solutions deliver powerful, customizable online processes for managing payments, settlement, respondent-to-respondent clearing (R2R), electronic data workflow, and communications between correspondent organizations and their respondents, the Federal Reserve, and other end points. This advanced interchange system allows correspondent and clearinghouse organizations to offer respondents a centralized, web-based, payments hub for managing payments and other messages. The browser-based design allows correspondents to offer payment services in a shared environment. By bringing more clients into the network and growing the volume of aggregated respondent transactions, per item correspondent processing costs can be reduced, while simultaneously increasing fee income.
What It Does
Provides Domestic U.S. Exchange Modules including:
ACH Payments
Wires
Image Cash Letter (ICL)
Federal Reserve Services
Corporate User Access
International Services
Provides an International Module with full settlement and clearing services.
Provides multiple interfaces including OFAC, MFA/Biometrics, SSO, Automated File Transfer, Custom Messaging and Processing, Report Management, Secure Email, and more.
Integrates with other applications such as Remote Deposit, ACH Origination, ACH Processing, and Image Exchange.
What It Does For Me
Expands your market reach.
Provides another opportunity to increase fee income.
Creates a strong correspondent-respondent connection.
Helps to reduce per-item correspondent processing costs.
Allows you to select specific modules to tailor a solution best for you and your respondents.