Correspondent Bank Electronic Cash Letter Clearing
Today, NetDeposit® is the clear leader in technology solutions designed to enable banks to take advantage of image cash letter processing in support of correspondent banking. These solutions allow your bank to offer cash letter products to your correspondent bank customers and participate in the benefits of image cash letter send, helping you to reduce costs and win in this market.
NetDeposit enables correspondent banking by empowering banks with an access-ready on-ramp to both image cash letter receive and send capabilities that leverage investments made in image capture and image archive.
Software Products
NetDeposit’s correspondent solution includes the following software:
NetCapture™ ICL (Required) – NetCapture ICL is a landing zone for accepting balanced deposit and cash letter files from your image-enabled corporate customers and correspondent banks. NetCapture ICL validates and normalizes the data in the file, provides optional Image Quality Assurance (IQA), transcodes images, and optimizes the file for processing by NetConnect Decision Gateway.
NetConnect™ Decision Gateway™ (Required) – NetConnect Decision Gateway controls, routes, and manages incoming electronic items. It connects your deposit information to your legacy posting systems, cash management reporting, and archive. The platform also supports item clearing via x9.37 image presentment, NetConnect IRD, and NetConnect ARC.
NetConnect™ IRD (Required) – NetConnect IRD prints industry standard X9.100-140 formatted IRDs and provides management tools to control the IRD creation process.
Services
Our experienced Professional Services team provides services to ensure the successful end-to-end deployment of solutions. Our offerings include Implementation Services as well as End User Fulfillment Services.
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