|Web-based solution adapts to shifting check processing demands|
Fiserv Inc. Fiserv launched Central Source Capture, a scalable web-based, end-to-end check capture and processing solution that enables financial institutions to meet demand while also capturing check images and data, and routing each item for posting or distribution based on rules established by the institution.
"Even though check volumes continue to decline, check processing is still a necessary and important function for financial institutions. Unfortunately, many of the legacy, centralized check processing systems have become antiquated, making them costly, complex systems to maintain," says Gary Brand, director, Source Capture Solutions, Fiserv. "With Central Source Capture from Fiserv we are giving financial institutions a modern, cost effective item processing solution so that they can focus their resources on other areas within their institution where demand is growing."
Designed for use by large financial institutions, Central Source Capture automates all aspects of the item-processing operation including capture, data perfection, electronic cash lettering, clearing, settlement, and outputs to posting and image archive. This reduces the need for specialized resources to manage the movement of paper checks. Additionally, Central Source Capture integrates with core account processing systems and remote capture applications to provide an end-to-end image exchange workflow regardless of the point of capture.
This includes integration with the Fiserv suite of Source Capture Solutions, which is made up of solutions such as Mobile Source Capture, ATM Source Capture, Branch Source Capture, and Merchant Source Capture.
"With the pace of change accelerating, financial institutions are faced with resource challenges. A solution that helps financial institutions streamline item processing functions can free up time and money to dedicate toward strategic initiatives," says Bob Meara, senior analyst, Celent.
[This article was posted on June 27, 2012, on the website of ABA Banking Journal, www.ababj.com.]
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