Benefit Highlights
Convenience:
Eliminates the need to go to a banking center
Extended Deposit Hours:
Deposits can be made well beyond traditional bank deposit hours
Reduced Cost:
Deposit preparation time is eliminated, as is out-of-office time
Reduced fraud risk:
Returned items identified sooner
Improve funds availability
1-2 days typical, vs. 3-5 days with paper checks
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RapiDeposit Benefits

Turnkey:
With a low-cost check image scanner attached to a PC, and all communications flowing over the Internet, RapiDeposit provides a full-service, turnkey solution allowing banks, financial institutions, and companies of all types to immediately begin taking remote deposits.

Streamlined Operational Efficiencies:
Utilizing the savings achieved within your accounts receivable staffing, you can redistribute labor hours into other revenue-producing or customer service positions

Integration:
Batch upload your entire payment files into your existing accounting system using our revolutionary Inovium Integrator tool

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Companies and financial institutions who utilize Check 21 electronic deposit solutions find that their bank fees are often significantly reduced, often tens of thousands of dollars monthly for larger clients. Combine the reduction in bank fees with the savings in labor hours in billing and processing to achieve exceptional savings annually.

Reduce Fraud:
Our processing of payments stops insufficient funds before they go through the banking system, saving the Payee up to 5 days in identifying them immediately and allowing the Payee to make corrections instantly with the Payer.

What advantages does RapiDeposit provide over other Check 21 solutions?

The RapiDeposit Solution does not tie the Payee into a web interface for usage of the image capture software. Our industry-leading custom interface allows the Payee to operate the system both when connected to the internet or when the connection is temporarily unavailable.

The RapiDeposit Solution is not processor-dependent, rather it allows for financial institutions to act as their own processors, thus preserving additional security and tracking of financial transactions and transfer of data. Most other Check 21 solutions require the institution to process through one gateway.

 

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