Check 21 Solutions

Overview

Check 21 serves as the catalyst for the financial services industry to realize the full potential of image- based transactions. Recent advances in technology and the pressure to increase processing capability while reducing costs - all while meeting the customer's demand for instant access to information - have made financial institutions look to cost-effective image-based check and item processing software systems.

As a leading bank services provider whose partners are industry experts such as Metavante, AFS, Kirchman, and Jack Henry Lasco has developed a comprehensive technology and business strategy that extends beyond the specific needs of Check 21. We can offer you the full package to ensure that your system can flex and grow with you.

• Branch Capture - will allow your institution to image checks (on a capture device), extending your current back room capture into the branch. Branch capture is easy to introduce because there are no required changes needed to your current teller systems or front counter processes. Once checks are scanned they will be transmitted to Lasco for validation, and images will be made ready for data completion, balancing and file updates.
• Merchant Capture - will provide your commercial customers the ability to image/capture their check payments right at their business, and electronically deliver the images to Lasco for processing, thereby eliminating the need to transport checks. Merchant capture can also help expand your reach by allowing you to compete for out of town accounts that were previously not geographically viable.
• Teller Capture - offers your tellers the ability to capture images and balance deposits at the point of presentment. The capture device extracts and inputs the MICR data instantly into the teller system which helps improve teller's productivity. The software matches the MICR of all items with its given amounts, and makes sure that it corresponds with the total presented on the deposit slip. Images and data are then transmitted to Lasco for storage.

Lasco can offer many advantages with the implementation of branch capture, including:

• Elimination of NCR 7780 and maintenance
• Reduced courier runs and staffing
• Check images can be integrated into host applications
• Disaster recovery site becomes another branch
• Extended teller cut-off times and processing windows
• Item research is only a "click" away
• Reduces use of Microfilm
• Productivity will increase with the use of CAR/LAR technology
• Prep work/capture time is greatly reduced
• Work can be balanced right away

Copyright©2010 Lasco, Inc.
205 N Lakeshore Blvd, Marquette, MI 49855
906.228.9720 | 1.800.800.6197 | lasco@lascoinc.com



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