REMOTE DEPOSIT CAPTURE

REMOTE DEPOSIT CAPTURE

iStream Platform Deposit®, the Remote Deposit Capture solution from iStream Platform, has eliminated the time consuming and antiquated process of depositing checks physically with your financial institution. Built from the ground up with the end user in mind, iStream Platform Deposit® effectively leverages technology to save time, cost and reduce the probability of human error when it comes to making deposits into your accounts.

 

BANK NEUTRAL SOLUTION

As many organizations utilize the services of multiple financial institutions, iStream Platform Deposit® enables cross institutional deposits. The solution was architected with flexibility in mind, effectively removing the requirement to change existing banking relationships in order to utilize the offering. No longer does an organization have settle for whatever Remote Deposit Capture application their financial institution offers or be forced to use several different solutions. iStream Platform Deposit® is all that is needed, with its bank agnostic design and multi-institutional capabilities.

 

ONLINE RETURN MANAGEMENT – IRETURN™

While iStream Platform Deposit® works to automate the deposit process, there will invariably still be returns. iStream Platform offers a complimentary solution in iReturn that manages returns with a web-based paperless system. iReturn eliminates the process of waiting for the paper check to be returned via postal mail and sends provides notification through several methods including e-mail alerts.

 

AUTOMATED RECONCILIATION SYSTEM IMATCH™

iMatch™ is an extension of the iStream Platform Remote Deposit Capture offering and facilitates the correlation of bank routing and account numbers (ABA/DDA) to a customer, helping organizations streamline the payment posting processes.

 

QUALITY ASSURANCE SYSTEM

iStream Platform Deposit® incorporates a robust Quality Assurance process that validates check amounts, bank routing numbers and has logic to search for duplicate checks based on bank specified parameters. Should any item not meet minimum thresholds as determined by this process, items are routed into queues for human inspection, validation and correction if necessary. This extra step ensures the highest level if integrity for the files before they are sent off for processing.

 

SMART APPLICATION & DEPLOYMENT MODEL

iStream Platform Deposit® is simple to use and install. A simple download of the client application and entering assigned credentials has you up and running. Technical compatibility is handled by the iStream Platform iSpec tool. iSpec checks system compatibility and provides you with real time results. On average, installation and user training can be completed in less than 30 minutes.

 

CUSTOMIZED DATA EXPORT

Simplification of the check deposit process is the primary function of iStream Platform Deposit®, however it also offers flexibility enabling allows you to access and export data for reporting and accounting purposes. The platform enables you to pull/ access both reports and deposit activity in customized Excel, CSV and PDF file formats.

 

SECURE ASP MODEL

All information moves via 128 bit triple DES Secure Socket Layer encryption to a secure Tier I redundant data center. When a deposit has been submitted, no sensitive information resides on the user’s computer. All information is accessible anytime, anywhere with a few keystrokes, removing the requirement at your business or bank to manage separate servers and the associated risk with software and data.

 

COMPLIANT SOLUTION

iStream Platform complies with all FDIC security standards as well as the guidelines set for by partner financial institutions, in addition to several annual audits.

 

INSTANT IMAGE ACCESS

If the need arises in which an item needs to be researched, iStream Platform Deposit® simplifies that process. A simple online query is all it takes to locate and view checks, regardless of when they were originally processed in the system.

 

INCREASED FUNDS COLLECTIONS AND AVAILABILITY

The iStream Platform Deposit® automated electronic workflow allows for later cutoffs, enabling the clearing of funds that otherwise may have been delayed using traditional deposit processes.

 

INSTANT ERROR NOTIFICATION

The architecture and flexibility of iStream Platform Deposit® enables your organization to manage multiple accounts from both single and remote locations to one corporate account. This architecture eliminates the need for overnight packages or faxes of deposit slips to a central location.

 

AGGREGATE INFORMATION

The platform provides the capability to view all location information simultaneously. No more researching individual locations and then working to report them all in a consolidated manner. All information is secured using SSL encryption and conforms to pre-determined access rights, ensuring the protection of confidential information.