Remittance Services  |  How it Works  |  FAQ  |  Equipment Options  |  Legal Requirements  |  Why Remittance Services?

Remote Deposit. Simplified.

Deposit24 gives merchants the advantages of significant time and cost savings offered by remote deposit. Merchants capture check data and images on their premises, using an office PC and a low-cost image scanner. Deposits are transmitted to the bank via a secure online interface. CPS then validates and processes the checks through the ACH or as IRDs.

Deposit24 supports capturing and processing traditional check deposits as well as retail remittance coupons and checks. CPS will configure the application to meet merchant’s individual processing needs.

Features

• Supports capturing either remittance work or standard check deposits.
• Reduces errors through duplicate inspection and validation.
• Provides Web access to deposit information for 24 months at no additional charge.
• Provides up to seven years worth of online account information.
• Provides daily online deposit summary.
• Provides daily online deposit detail.
• Provides online check images.

Benefits

• Automates deposit preparation.
• Allows deposits to be made as soon as the merchant receives the checks.
• Allows for deposit regardless of weather or work disruptions.
• Accelerates funds availability.
• Consolidates all deposit processing into a single preferred bank.
• Enhances audit trails.
• Improves record keeping and problem resolution.
• Extends the banking day.
• Broadens a financial institution's geographic reach. 

Ideal Merchants for Deposit24 include:

Communication Companies Electrical Cooperatives Government/Cities Hospitals Insurance Companies

Non-profit Organizations Real Estate Companies Universities Membership Organizations Utility Companies

Demonstration

 To see a demonstration of how the Deposit24 web capture works, click the Play Demo button: