Merchant Remote Deposit Capture
Aurora WebDeposit is an innovative electronic merchant remote deposit processing solution for commercial account holders, third-party payment processors, government agencies, and utility corporations. It’s easy to implement and directly benefits your commercial accounts, as well as your financial institution.
Using a table-top scanner, member merchants can capture draft share images from their location, balance and deliver their deposits electronically, with associated MICR data, to your financial institution for processing via a secure Internet connection.
Your members will save time, money and appreciate the extra level of member service that strengthens your relationship with them.
Benefits to Your Commercial Account Holder
- Draft deposit preparation is streamlined and accurate
- Reduces errors through automated balancing
- Eliminates trips to the credit union
- Cut-off times can be extended
- Draft deposits from multiple offices are consolidated
- Funds are available faster than paper deposits
- Data is instantly accessible for on-site research ensuring a quick response to member inquiries
- Easy for employees to use; training provided
Benefits to Your Financial Institution
- Brings your teller window to the merchant
- Expands your geographic territory
- Allows FI’s to attract new business
- Improves member relationships
- Increases member retention
- Provides additional fee income
- Positions your credit union as a technology leader
- Accelerates the clearing process
- Improves in-house control to avoid fraud
Scanner Highlights
SmartSource Scanner – feeder accommodates up to 100 drafts, rear ink-endorser, hopper can be extended for 6” documents, single pass image at 240 dpi, available in the following speeds (30, 55, 80, 120 and 155) and MICR reader.
