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Check 21 Conversion
Our system supports Check 21 electronic conversion of paper checks received by mail. Look up the payer, configure the payment, and feed the check into the imager. Swish-swish, the device copies both the front and back in a single pass, records images to the payment record and adds the transaction to the daily batch deposit. The system electronically deposits all scanned items to your checking account at day’s end. No more standing at the copier, no more filling out deposit tickets and no more driving to the bank.
All Checks & Money Orders
The regulations that pertain to Check 21 conversion are essentially the same rules that apply to the deposit of paper items. You’re welcome to scan personal checks, business checks, insurance remittances, bank checks and money orders. Most banks offer the same funds availability for electronic deposits as they do for teller attended deposits. Essentially, the digital image is simply substituted for the paper item. Check conversion saves time, enhance operations and reduces work flow.
As is true with other system reports, authorized users access their Check 21 daily deposit report with a few clicks. The daily Check 21 deposit report details the items that make up the batch and calculates the batch total. In addition to the daily batch report, you can also order a similar report for any date range (weekly, monthly) that provides the same detailed list of items that make up each batch deposit, the total for each days batch and a grand total for all batches within that date range. Perfect for reconciling to your bank account.
The Magtek Excella MDX is a dual purpose device. It serves as your single pass, dual-sided check imager as well as your magnetic card reader to facilitate face-to-face card payments. Simply connect to a USB port on your computer and follow the simple instructions to download & install the drivers. Our software does the rest. Open Internet Explorer as your browser (active x permission required) and you’re ready to enter the 21st century! It’s a very cool tool that saves both time and money.