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RAVEN Check
Conversion
The Raven ARC check conversion application allows you to convert
batches of paper checks to electronic check files.
Submitting
electronic information to the bank rather than depositing paper
items results in lower costs, greater security, faster payment
and fewer returns.
The Raven check conversion module integrates seamlessly with
the TellerScan (TS) 350
check scanner for efficient capture, transmission and settlement
of check transactions.
The
TS 350 will accept up to 80 checks at one time with no limit to
batch size. The scanner
will capture a precise image of the front and back of each check. It will also capture the MICR-encoded
bank number, bank account number and check serial number encoded
on the bottom edge of each item, allowing you to create payment
files containing as many checks as you require.
The RAVEN user interface shows the operator a clear image of each
check as it is captured by the system. Amounts can be verified
for greater accuracy, and further information, such as address,
telephone number and spouse name can be keyed by the operator
should these details be required.
Benefits of
RAVEN Check Conversion
There are many benefits to converting paper checks to electronic
images: Some of the most compelling advantages are:
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Speed of handling - It is much faster,
not only to batch the checks using our scanner, but also
to transport them.
Using Raven check conversion software, you will be
able to capture up to 60 checks per minute and deposit batches
of checks in seconds – without shipping, without going
to the bank, and without standing in line.
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Reduced transport costs – Transmitting
files of check information eliminates the need to ship paper
documents to their destination.
Save money on Brinks and courier charges.
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Accuracy - As each check
is scanned, an image appears on the screen with the value
enlarged for easy viewing. You can verify an amount and
keep a running total. Mistakes, if they happen, are easy
to correct without starting again.
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Robust Reporting Capabilities –
Speedier transmission, payment and reporting means faster
reconciliation at your offices.
If a check is dishonored, you will receive immediate
notification instead of waiting 7 to 10 days for the return
of paper items.
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Speed of payment - It is
a little known fact that electronic information is given
higher priority by banks than paper documents. If two checks,
drawn on the same bank account are presented simultaneously
for payment, but one is electronic and one is paper, the
electronic check will be paid first. Submitting check images
via Raven will not only speed payment, but it will reduce
the number of NSF checks you receive as well.
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Security – Paper
checks are non-replaceable documents.
If they are lost, stolen or destroyed, they are often
impossible to recover, so the fewer people who need to handle
the checks the better.
With Check conversion, you can destroy the paper
and keep copies of the images as backup instead.
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Reduced Collection Costs -
With Raven, you may electronically represent each check
that is returned for reason of insufficient funds, greatly
reducing the number of unpaid items and the cost of collection.
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Improved Customer Service -
You can easily access the check information should customer
queries arise. Instantly quote the check number, amount
and payment date to customers, or send them a clear copy
of the item for their reference.
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TS 350 Scanner
Features (
download PDF
)
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