Merchant Source Capture

Merchant Source Capture, also known as remote deposit, is a solution that is specifically designed to enable the client’s business customers to make bank deposits directly from their offices.  This new product is currently in high demand.   Fiserv ImageStream Merchant Source Capture has three main components:

1. Browser interface and web-server

2. Image Quality Assesment (IQA) and Courtesy Amount Recognition/Legal Amount Recognition (CAR/LAR)

3. Decision routing and file management

The business customer must install a small tabletop scanner to capture the check images.  Once captured, images are uploaded to a server, analyzed for image quality and routed through Fiserv to direct the flow of substitute checks to the most efficient routing. Fiserv then prints IRDs as required, at the most economical print location for the bank.  As image exchange endpoints become available, images, not IRDs will be used for presentment.

What is required for a Merchant Source Capture solution?

The system requires your commercial customers to purchase a small tabletop device to capture images of their deposited items. The software is browser-based so installation is quick and efficient. Your financial institution does not require any additional equipment or software to offer this service.

Key Features

• Scan and capture images of both sides of checks received for deposit.
• Automatically balance deposits before submission.
• Ensure images are suitable for processing and settlement using industry-leading Image Quality and Usability Assessment (IQA/U).
• Save keystrokes and increase the accuracy of balanced deposit with extremely accurate Courtesy and Legal Amount Recognition (CAR/LAR) software.
• Gain ability to convert scanned checks into ARC transactions.
• Review and upload check images to the Web server. 
• Offer a fully browser-based solution that requires no software installation.
• Link to Fiserv IRD print locations and the Fiserv Clearing Network for check clearing and image exchange.

Financial Institution Benefits

• Expand your geographic reach by accepting deposits from businesses that do not have a nearby physical branch.
• Gain valuable fee-based service income while increasing ‘stickiness” of corporate relationships.
• Offer a new, valuable product that can help you gain a competitive edge.
• Reduce costs to process deposits at the branch.
• Merchant (Corporate Customers) Benefits 
• Saves time and money - eliminates the daily or weekly trip to the branch.
• Improves cash flow – in some cases checks are deposited more quickly.

Improves management control - owners and supervisors can review images and deposits, and set the degree of approval required for depositing.