The Small Business Enterprise and Employment Act mandates that all entities providing banking in the UK must begin imaging cheque deposits. Banks will exchange images of cheques instead of physically transporting them.
Source Capture Solutions® is a portfolio of offerings you can deploy individually or in combination. Fiserv provides a single platform for cheque imaging, so you only need one way to efficiently manage cheque deposits.
- Merchant Source Capture™: Offers your business customers the convenience and cost savings of making cheque deposits from their offices, stores and other commercial locations, on their own time and terms
- Mobile Source Capture™: Provides your customers the ultimate convenience in cheque imaging; mobile deposits can be made anytime, anywhere, via smartphones and tablets
- Teller Source Capture™: Image cheque deposits in the branches, avoiding expensive transportation of paper cheques to imaging locations
- ATM Source Capture™: Validates deposits captured by image enabled ATMs prior to posting and clearing
The Source Capture Solutions offerings are perfect for financial institutions seeking to grow revenue, meet regulatory requirements and deadlines, and ultimately to compete effectively in a challenging market. The flexibility to make image-based deposits from virtually any location is helping financial institutions:
- Take advantage of a cost-effective solution for cheque processing, allowing you to control your per-item costs in a declining volume environment
- Streamline item processing, improve operational efficiency and speed up deposit processing
- Mitigate financial fraud risk
- Increase customer retention
- Break free from past geographic limitations