Product/Service

Electronic Check Deposits: KeyMark e-posit

Source: KeyMark Inc.

Electronic Check Deposits: KeyMark e-posit
KeyMark's e-posit is a stand-alone electronic check deposit solution. The e-posit system is capable of accepting pending deposits and performing the conversion to ICL.

KeyMark's e-posit is a stand-alone electronic check deposit solution. The e-posit™ system is capable of accepting pending deposits and performing the conversion to ICL. External applications are able to trigger processing. e-posit converts output from the Accounts Receivable system when transactions are ready to deposit. The system has the ability to limit maximum number of transactions per input file and can generate ICL files in Federal Reserve, bank specific and clearing house specific formats.

The system is also able to translate return ICL transactions for rejects and NSF so other systems can take action on the items. e-posit™ converts these returns into standard text and image files to feed workflow and accounting systems thus facilitating efficient and timely resolution of return transactions.

Capabilities of the System:
Deposit ICL Generator

  • Accept checks data for pending deposit including (but not limited to) MICR, check amount, front and rear image
  • Ability to allow external application to trigger processing
  • Limiting maximum number of transactions per input file
  • Generate ICL files in Federal Reserve, bank specific and clearing house specific formats

Return ICL Translator

  • Accept ICL files for return checks including (but not limited to) reason code, MICR, check amount, front and rear images
  • Ability to allow external application to trigger processing
  • Translate return ICL transactions for rejects and NSF into text and images so other systems can take action on the items

KeyMark's e-posit™ will save your company time and money. No more going to the bank to physically deposit checks. Money can be deposited into accounts without someone ever having to leave their desk.