US Check Imaging & Presentment

Should you have high volumes of US checks to cash, take advantage of our RAVEN Check Imaging and Presentment 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 use this service 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

There are many benefits to imaging paper checks for electronic presentment. Some of the most compelling advantages are:

• Speed of Handling

  It is much faster, not only to batch the checks using our scanner, but also to transport them. Using Raven Check Imaging & Presentment software, you will be able to capture up to 60 checks per minute and deposit batches of checks in seconds – without shipping, without going to the bank and without standing in line.

• Reduced Transport Costs

  Transmitting files of check information eliminates the need to ship paper documents to their destination. Save money on Brinks and courier charges.

• Accuracy

  As each check is scanned, an image appears on the screen with the value enlarged for easy viewing. You can verify an amount and keep a running total. Mistakes, if they happen, are easy to correct without starting again.

• Robust Reporting Capabilities

  Speedier transmission, payment and reporting means faster reconciliation at your offices. If a check is dishonoured, you will receive immediate notification instead of waiting 7 to 10 days for the return of paper items.

• Speed of Payment

  It is a little known fact that electronic information is given higher priority by banks than paper documents. If two checks, drawn on the same bank account, are presented simultaneously for payment, but one is electronic and one is paper, the electronic check will be paid first. Submitting check images via Raven will not only speed payment, but it will also reduce the number of NSF checks you receive.

• Security

  Paper checks are non-replaceable documents. If they are lost, stolen or destroyed, they are often impossible to recover, so the fewer people who need to handle the checks the better. With Check Imaging & Presentment, you can destroy the paper and keep copies of the images as backup instead.

• Ship / No-ship Decisions Made Easier

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

• Convenience

  Many companies are trying to reduce the amount of paper that flows through their offices each day. Transmitting electronic check images rather than paper helps in this respect. They can be uploaded to their destination instantly and they can be stored indefinitely on disk, which takes up considerably less space than many other document storage alternatives.

• 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. Instantly quote the check number, amount and payment date to customers, or send them a clear copy of the item for their reference.

The Process

The RAVEN user 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 address, telephone number and spouse name, 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 processing system will pick up the file and respond within minutes with a Receipt.

Contact us today for a risk-free consultation and indication of rates.