With CO-OP Branch Deposit, checks and cash can be captured and transmitted immediately, speeding account posting and freeing your tellers to spend more time serving your members. When a member makes a deposit at the branch, the teller
scans each check using a capture device at either the teller station or back counter. The image and related data is captured and automatically balanced before being submitted to your central office for validation, processing and clearing.
Take advantage of these benefits:
Improved transaction integrity—by capturing the item at the branch, the detection and correction of balancing errors can happen in real time.
Responsive member service—access to more transaction information sooner enables prompt answers to member inquiries.
Elimination of internal documents—cash tickets and control documents are generated electronically.
Reduced courier costs—sending check images electronically eliminates the need for daily check deliveries.
And since scanning can occur throughout the day as deposits are received, the end
of the day “crunch” is eliminated—along with its associated errors. Your tellers and members will appreciate this service —and you’ll appreciate the cost savings and productivity gains. More information on this product will be available in 2008.
Check Imaging - Home Deposits CO-OP Home Deposits, with check imaging technology, give members a credit union “branch” right in...
