Remote Deposit Complete
A web-based, check image capture, storage, and processing solution that enables financial institutions (FI’s) to provide commercial customers the ability to electronically deposit a wide variety of paper checks.
Remote Deposit Complete is the ideal Remote Deposit solution for commercial customers who have checks instead of deposits every day. Least cost routing and speed of collection are optimized with this service. Financial institutions can increase their low-cost deposit growth with Remote Deposit Complete.
What It Does
With simply a scanner and a Windows®-based PC, tablet, or mobile device, commercial customers can utilize Remote Deposit Complete to enter customized data such as customer’s name or invoice number. Before scanning, all that is required of the end user is to enter the total number of checks and the total deposit amount.
Remote Deposit Complete automatically performs the courtesy amount recognition (CAR) and legal amount recognition (LAR) of each check in lieu of key entry. ProfitStars‘ personnel key enters any amounts the scanner does not read and makes any necessary MICR repairs. Rules-based perimeters can be established that will accept, reject, or balance the deposit within a set dollar amount. Once balancing is complete, the business is notified via email alert.
ProfitStars’ technical infrastructure provides secure check processing. Remote Deposit Complete delivers a more convenient way for commercial customers to make deposits, allowing them to receive funds faster, improving their working capital.
Remote Deposit Complete allows your financial institution to better serve your commercial customers by offering them improved convenience. It can also increase your institution’s customer base while broadening your geographic footprint – without the need to build additional branches.
What It Does For Me
Increased customer satisfaction
Ability to attract new customers
Improved customer retention
Low-cost deposit growth
Reduced transaction costs
Reduced branch traffic