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December 2008 - Scott Haynes
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For starters, we thank all of you for a great 2008.  The number of Remote Deposit Capture (RDC) businesses we process has tripled this year.  Also, our monthly transaction volume has grown 500%.  This market penetration is directly in line with Celent's report in December's Digital Transactions magazine.

Before I get into this month's topic, let me begin with an invitation for you in the New Year.  CPS has been offering for several years some other electronic payments products.  These products have also grown this year at the same rate as our RDC products.  CPS will be hosting two webinars in early January to discuss our other products, as well as discuss new and enhanced RDC features including receivables processing.  The 90 minute webinars will take place Tuesday, January 13 at 3:00EST and Wednesday, January 14 at 12:00EST.  The agenda for both webinars is the same.

Besides Remote Deposit Capture, other products included in the webinar are:
AR-Box - An application for billers receiving online bill payments.  AR-Box consolidates transactions from multiple payment processors into a single source for a biller.
CheckTrack - A electronic check collection service that collects funds due to checks returned for insufficient or uncollected funds.
Branch Capture - RDC for the FI.  Branch capture is electronic processing of branch teller transactions.
CPS will be sending out more details on both webinars in the next week.  In the meantime, please mark your calendar for at least one of our two webinar dates.

Now, on to this month's Check It Out topic.  Inspired by a recent report request from an RDC bank in California, I want to share with you a benefit of using your monthly Account Analysis (AA) file.  The Account Analysis file is sent to financial institutions on the second business day of each month.  The file contains information about your RDC clients and their usage of the application.

For example, the following report can be created using data from your AA file:

CPS account analysis file format

The RDC Usage report was derived from the following example Account Analysis file:

CPS AA sample file

In order to create the usage report, I used the file format document to extract the necessary data from the Account Analysis file.  In this case, I created the report manually.  However, the AA file can also be imported into applications such as Microsoft Excel or Access.

Lastly, the receipt of an AA file is an elective option on your part.  If you are not receiving one, CPS will be happy to start sending you a monthly file.  More than likely, your clients are using RDC more and more.  The Account Analysis file can help you track your clients growing usage of the application.

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