All that is needed is a PC, internet connection, check scanner and a RDC application. Remote Deposit Capture can fundamentally be defined as the process of truncating a check item to allow it to be cleared electronically.
Bank Neutral Solution
Whether you have one or many banking relationships, BlueSquare has you covered. The solution was built with flexibility in mind, removing the requirement to change existing banking relationships or have to rely on several different solutions as offered by each bank.
Secure ASP Model
All information moves via 128 bit triple DES Secure Socket Layer encryption to a secure Tier I redundant data center. When a deposit has been completed, no sensitive information resides on the user’s computer. All information is accessible anytime, anywhere with a few keystrokes, effectively removing the requirement for your business or bank to manage separate servers with software and data.
Complies with FDIC security standards and is subjected to annual audits and standards similar to financial institutions.
Quality Assurance System
BlueSquare incorporates a robust Quality Assurance process that validates check amounts, bank routing numbers and has logic to search for duplicate checks throughout the entire database. Should any item not meet minimum thresholds as determined by this process, the items are routed into queues for human inspection, validation and correction if necessary. This extra step ensures the highest level if integrity for the files before they are sent off for processing.
Online Return Management –
While Remote Deposit Capture works to automate the deposit process, there will invariably still be returns. Our program has developed a complimentary feature that manages returns with a real-time, online paperless system which eliminates the process of waiting for the NSF paper check to be returned via postal mail. Our system sends a notification e-mail letting you know that an item has been returned, allowing you to take appropriate action.
Smart Application & Deployment
Remote Deposit Capture is simple to use and even easier to install. Download the client application from website, log in with your credentials and you will be up and running. On average, installation and user training can be completed generally in less than 30 minutes.
Remote Deposit Capture was designed to streamline the check deposit process but it also has flexibility that allows you to access and export data for reporting and accounting purposes. The entire system enables you to pull/ access reports and deposit activity in Excel, CSV and PDF file formats to meet your specific requirements.
This module is an add-on that allows users to add data on demand to payments simplifying the reconciliation process, payment data searches and data extraction for reporting. Additional data can also be used for file export tied to your database (accounting system, data management system, etc.).
Easy to Use
Designed with end user in mind, our solution is one of the most intuitive on the market. Setup is a simple download and most training takes only minutes.
Increase Funds Collections and Availability
Utilizing the electronic workflow that our solution provides allows for later cutoffs allowing funds to clear that otherwise may have been delayed using traditional deposit processes.
Eliminate Hard and Soft Costs
Eliminate duplicate posting entries and errors by downloading deposit batch files already reconciled through our software and deposit into your existing accounting system.
Manage Centralized or Decentralized Accounts with Ease
Fixed and variable fees currently associated with your deposit process may become a thing of the past. With the ability for a single user to streamline the process and utilize the system, your team’s time can be reallocated to other activities that produce positive results.
Instant Error Notification
The architecture and flexibility of Remote Deposit Capture enables your organization to manage multiple accounts from both single and remote locations to one corporate account. This architecture eliminates the need for overnight packages or faxes of deposit slips to a central location.
Leverage Customer Data
As the system processes your deposits a robust quality assurance program ensures that your actual deposits match your inputted information. If for some reason there is an error, you will receive notification with any corrective actions where applicable.
The system provides the capability to view all location information simultaneously. No more researching individual locations and then working to report them all rolled up. All information is secured using SSL encryption and conforms to pre-determined access rights, ensuring the protection of confidential information.
Instant Image Access
If you have ever had to go back to research an item, you are well aware of the hassle it is to sift through photocopies in order to locate the information you are seeking. With our solution, a simple online query is all it takes to locate and view checks, regardless of when they were originally processed in the system.
Online 24/7 Reporting and Data Access
Information is often critical in making the correct business decision. With our solution, all of your data and reporting is at your fingertips ensuring you have the information available to make proactive business decisions and enhance cash flow management.
Simplify Payment Reconciliations
Download deposit batch files already reconciled through iStream Deposit® into your existing accounting system to reduce the posting errors and eliminate duplicate postings.
Minimize or eliminate employee safety concerns when traveling to make deposits by completing them electronically.