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A2iA CheckReader & CFS DepositWizard ATM
The scalable integration of the combined A2iA CheckReader and CFS DepositWizard ATM accelerates timelines, reduces operating costs such as courier and paper-handling fees, combats fraud at the point of deposit, and allows community banks and credit unions to enhance their customer service and provide additional benefits to their patrons. DepositWizard ATM with A2iA CheckReader is available to banks as either an in-house or hosted solution.
All checks captured at ATMs equipped with DepositWizard ATM are automatically uploaded to the financial institution for reconciliation with little to no input from the customer, instead of being stored in the ATM and imaged at a later time. This significantly shortens processing and posting times and virtually eliminates the risk for “empty-envelope” fraud, one of the top types of fraud affecting ATMs. Banking customers are also given the convenience of making secure deposit transactions at any time of the day or night, despite teller hours.
DepositWizard ATM allows checks to be securely transmitted in three easy steps:
1. Check-images are captured at the ATM with DepositWizard ATM, and data is securely transmitted to the financial institution’s back office for verification. Deposits may also be memo-posted to the ATM processor.
2. An encrypted file is sent to the ICR/Consolidator Server, where A2iA CheckReader seamlessly provides a verification of the check-image quality and usability, as well as performs recognition on all data-points on the check, including CAR (courtesy amount) and LAR (legal amount) mismatch. This
is where the check is balanced and any deposit corrections made.
3. DepositWizard ATM generates an X9.37 posting file or custom designed interface for submission to the CORE imaging system and Federal Reserve Bank.
A2iA & CFS
www.a2ia.com / www.CFSsolutions.com