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ExchgLink™
INCREASE THE BENEFITS OF CHECK IMAGING
BY IMPLEMENTING IMAGE EXCHANGE
By combining check imaging and
image exchange, U.S. banks can
save more than $2 billion annually,
or about 30 percent of their check
processing costs. As a key
component of Carreker's Exchange
Suite, ExchgLink software
offers financial institutions a comprehensive
solution for exchanging images with
other banks and their archive providers.
Leveraging proven electronic check
presentment (ECP) systems and processes,
it provides a low risk migration
path to a fully functional image
exchange environment. ExchgLink works
with Carreker's industry-leading
ECP system, CheckLink®, to enable
the secure exchange of images while
preserving existing settlement and
reconciliation between financial
institutions. As an end-to-end solution,
it interfaces to image capture, large
table management and image-enabled
back office applications, providing
seamless integration throughout the
item workflow.
ExchgLink offers flexible support
of both internal archive and shared
archive environments, and meets the
image exchange systems requirements
and operating standards recently
defined by SVPCo, the bank-owned
private sector payment system.
BENEFITS
- Enables float and transportation
cost savings
- Mitigates risk through accelerated
clearing and return notification
- Integrates into existing workflows
that support the bank's paper,
ECP and image processing
- Enables automated validation
of image quality and data integrity
- Supports both internal archive
(exchange) and shared archive (interchange)
environments
- Leverages legacy ECP, image archive
and downstream payment infrastructure
investments
- Allows banks to offer a wide
range of new products and services
to customers
OVERVIEW
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"We
wanted a development partner
who understands every step
in that migration path and
has been pioneering along that
path for years. We and many
of our prospective image exchange
partners already use Carreker's
ECP, capture, archive, fraud
detection, and image-enabled
back office solutions. That
is why we chose them for this
critical development effort."
Mitch Christensen
Executive Vice President
Payment Strategies, Wells Fargo
Bank
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Tightly integrated with CheckLink
ECP software for data exchange, settlement,
reconcilement, returns, and item
matching and tracking, ExchgLink
provides for rapid implementation
of image exchange in an already proven
environment.
With ExchgLink, banks can create
and transfer files that support image
exchange, and easily manage the transition
to the anticipated exchange scenarios
in pre- and post-Check 21 environments.
This transition will require banks
to support paper, ECP and image exchange
workflows simultaneously. And, as
industry image exchange models evolve,
ExchgLink is designed to ultimately
support paperless, image-on-demand
exchange scenarios.
For more information about this solution, download
the brochure (PDF, top right). You can also contact
Doug Halvorsen at 704.602.5335 or complete our Information
Request Form. |
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