Electronic Check Processing

Should you have high volumes of US checks to cash, take advantage of our RAVEN remote check capture and deposit service. Using a check scanner provided by PacNet, you can quickly and accurately convert batches of paper checks to electronic check files and submit them to PacNet via a secure Internet link.

You do not have to be in the United States to take advantage of electronic check processing and you do not require a US bank account. No matter where you operate, funds are available to you on the next business day by wire transfer to the account you designate.

The Advantages

• Speed of Handling

  Using RAVEN remote check capture and deposit software, you will be able to capture up to 60 checks per minute and upload completed batches of checks for deposit in seconds.

• Reduced Transport Costs

  You will save money on courier charges by sending electronic check files.

• Accuracy

  Use the scanned image to verify amounts quickly and easily.

• Robust Reporting Capabilities

  24 / 7 secure access to account activity reports and payment details ensures that you have business critical information at your fingertips.

• Speed of Payment

  Faster deposits mean faster access to funds.

• Security

  Paper checks are non-replaceable documents; remote capture and presentment eliminates the risk of lost or stolen deposits.

• Ship / No-ship Decisions Made Easier

  Faster notification of dishonored items can result in better Ship / No-ship Fulfillment decisions.

• Convenience

  Electronic checks may be uploaded instantly and stored indefinitely on disk, reducing paper flow and storage costs.

• Reduced Collection Costs

  With RAVEN, you may electronically represent each check that is returned for reason of insufficient funds, greatly reducing the number of unpaid items and the cost of collection.

• Improved Customer Service

  You can easily access individual check information should customer queries arise.

The Process

The RAVEN scanner interface shows your operator a clear image of each check as it is captured by the system. Amounts can be verified for greater accuracy. Further information, such as name, address and telephone number can also be keyed by the operator should these details be required.

As soon as you are finished scanning checks, making your deposit is easy. Simply upload the file using PacNet's secure RAVEN Online portal. PacNet's RAVEN electronic check processing system will pick up the file and respond within minutes with a receipt.

Contact us today for a complimentary consultation and indication of rates.