With fewer Federal Reserve offices available to handle paper returns, financial institutions are exposed to late returns and potential losses. Deposit Returns Source Capture™ from Fiserv provides a low-cost, hosted, online solution with an X9 viewer.
With fewer Federal Reserve offices available to handle paper returns, financial institutions may experience late returns and potential losses. You could be required to absorb losses in situations when funds are released but there's a delay in receiving the paper return. Many financial institutions are not equipped to receive, process or store image returns, and as a result, need a solution to minimize the potential risk exposure.
Deposit Returns Source Capture from Fiserv provides a low-cost, hosted, online solution with an X9 viewer for managing return items without the need for hardware or software. Your organization simply accesses Deposit Returns Source Capture via the Internet to view your individual X9.37 (X9) file containing check images and related check information. The system enables you to either manually assign each item for re-presentment or charge-off, or set up a series of automated decisioning rules for greater efficiency.
Deposit Returns Source Capture is one of several back-office solutions designed to address the workflows, exception conditions and risk mitigation processes to support your remote deposit strategy.