MavBridge™ Check 21 Enterprise
We are check and remittance processing experts. The Mavro team has extensive experience implementing Check 21 solutions for a wide range of enterprise customers across many applications. Utilizing Mavro's MavBridge™ Software Suite, we can provide the most effective Check 21 solution for any medium or large business.
Check 21 Speeds Deposits
Check 21 provides an efficient means to electronically deposit collected funds in you bank. With Check 21 processing by Mavro in place:
- An electronic "X9" deposit file is created by the Mavro system and transmitted to your bank at the end of your processing day (or more often if you wish).
- The speed of your funds transfer is greatly enhanced by eliminating the need for check encoding and physically transporting paper checks to the bank.
- Electronic deposit both lowers expenses and increases funds availability.
- Mavro's Check 21 software is easily configurable and supports simultaneous outputs to multiple banks and multiple DDAs
- Mavro's years of experience dealing with the X9 file requirements for both large and small banks throughout the US ensure that the X9 files will meet your banks requirements. We are experts at working with banks to understand their X9 file requirements and creating files that meet those requirements.
Be Safe with Smart Track™
Traditional two-pass payment processing inherently provides a safety net to catch unprocessed checks. But with Check 21 one-pass processing, the safety net is gone. Mavro's Smart Track™ technology re-enables the safety net for Check 21 processing:
- Contents of each envelope are extracted and scanned - Electronic and Physical tracking of each batch begins immediately.
- Imaged batches are electronically tracked at every step within MavBridge™ or in other processing systems.
- Paper batches are physically tracked at every location and every move.
- A comparison of the Physical and Electronic streams double checks that all transactions were properly processed.
- Only after a successful double check does Smart Track™ allow checks to be destroyed.
With the Mavro Check 21 solution, you get all of the advantages offered by Check 21, plus added capabilities not available from any other vendor.
|