Document Imaging - In-House   •   Document Imaging - ASP   •  Check 21   

Check 21 Imaging

Modern Information Systems markets Draft Conversion Plus from Jara Diversified Service which uses low cost, high quality check image readers to capture images,  the MICR line, and Barcode information from checks, remittance stubs, deposit slips, etc.  This information is converted to electronic form allowing the client to then perform such operations as electronically deposit checks, upload payment information to their accounts receivable package, balance retail cash drawers, etc.  The following are areas where the acceptance of this product is quickly growing.

Accounts Receivable Truncation-    This is for companies that receive periodic payments that will include a check and a stub with their customers account information such as account number, date, name, amount paid, etc.  Our system captures the image and information available on the check and stub.  Once we have this information digitally we can make electronic deposits, upload the payment data to the accounts receivable program, and retrieve images from the database for later research.  All of this and more saves the customer from 50% to 90% of their operational time and labor.

Retail Backroom-    This is for companies that do not have a stub involved with their payment, but still handle a large volumn of checks.  This system allows the merchant to scan checks up to 180 per minute and automatically read pertinent information such as amounts, routing numbers, and account numbers. Then this information can be used to send checks electronically to the bank, eliminate reconciliation errors, balance cash drawers, and eliminate calling the bank for check information when an issue arises.  The merchant can even collect the State authorized NSF fee for bounced checks if they desire.

Bank Processing-    Draft Conversion Processing Systems (DCPS) provides complete day 1 and day 2 check processing solutions.  DCPS supports low volumn, low cost check readers that capture checks at the teller, branch back office, or processing center.  It stores the check images on a robust high quality check image archive, supports document repair, balancing, and institutional-wide research functions.  This solution is specifically designed to support the Check Truncation Act, image-based ECP, and check conversion legislation to lower operation costs and minimize outgoing float.

Credit Unions-       The Jara Diversified Service solution for Credit Unions is called “Teller Proof”.  This system automates the processing of counter deposits and checks.  This system will reduce courier costs, labor, retains record of item, etc.  All this is accomplished at very low initial cost.  If you would like to visit about the system or the extremely competitive purchase program contact Modern Information Systems.