Check Reconciliation for Cleartouch

Protect your financial institution and your business customers against check fraud.

Overview

In today’s risk management environment, having adequate controls in place to monitor fraudulent activity is critical. Every year the statistics for check fraud continue to grow at staggering rates, putting your financial institution and your customers at risk. Many of these fraudulent losses are directly related to counterfeit checks. Check Reconciliation for Cleartouch^® is used by both financial institutions and their business customers to monitor outstanding checks.

Fight Fraud and Improve Efficiency
Cleartouch provides the automation, integration and flexibility necessary to reconcile your internal bank checking accounts, bank checks, money orders, savings interest checks, mortgage loan servicing checks that are issued directly from Fiserv and other checks that are issued for payment, such as utility payments and vendor supplies. Checks issued directly from Fiserv are automatically passed to Check Reconciliation. Other checks can be added to Check Reconciliation using two automated methods. Check Reconciliation pages provide for easy entry of check information using the same security and navigation that is part of Cleartouch.

Checks processed at the teller window or from an inclearing file are automatically added to Check Reconciliation and real-time alerts are displayed when a suspicious check is processed. Comprehensive reports are provided to monitor outstanding checks and identify potential fraudulent checks.

Provide a Valuable Service to Your Business Customers
Whether you’re looking for ways to attract new business customers, or for ways to enhance the services you are providing to your existing customers, Check Reconciliation brings a new level of protection and efficiency to your business customers, and eliminates the need to purchase a separate reconciliation product.

Features

• An integrated solution: Check Reconciliation provides real-time entry, and real-time notifications and notification alerts
• Grow your business: Attract and retain business customers with a value-added service
• Protects you and your customers: Reduce fraud losses for your financial institution and your business customers
• Increased efficiency: The solution provides automated entry and matching of issued and processed checks

For more information on Check Reconciliation for Cleartouch and other solutions from Fiserv, call us at 800-872-7882 or Contact Us.