ATM CAPTURE

(Currently available for Diebold ATMs only)

 

Image capture of deposited items at the ATM with transmission to Southwest Corporate for processing

Southwest Corporate has a unique business model that features the following:

• Single-source availability - Credit unions can obtain all elements of remote deposit from Southwest Corporate, including software, hardware implementation assistance, extended support, image exchange and check correction
• Support - dedicated support staff Monday through Saturday for software, hardware and balancing questions
• Workflow efficiency - Southwest Corporate performs MICR line corrections for the credit union, saving the credit union time and expense, while reducing the credit union's risk
• Implementation - An expert support team enables credit unions to implement remote deposit services according to their needs and timeline - no waiting in line
• Reporting - Online reports facilitate balancing and eliminate manual reporting between branches and the accounting and operations departments

 

Credit Union Benefits

• Eliminates empty-envelope fraud
• Uses Courtesy Amount Read (CAR) and Legal Amount Read (LAR)
• Every check positively matched against ATM records for a complete audit trail
• Greater efficiencies and reduced risk via Southwest Corporate’s MICR repair service
• ATM Capture software provides images same day; TranZact archives seven years
• Direct access to Southwest Corporate’s nationwide image clearing networks

 

Implementation Steps

• Software links to your certified image-enabled ATMs
• Software verifies image quality and balanced transactions
• Check images are sent directly to Southwest Corporate via a secure transmission
• Credit union approves deposits based on its parameters
• Imaged checks are cleared the most expeditious and least-cost method through:
• National exchange networks
• Federal Reserve
• Direct to paying bank
• Images are placed in the image archive for online access via TranZact
• Settlement of member transactions through the card networks remains the same

 

ATM Capture is one product in a full suite of Remote Deposit Solutions, which also includes Branch Capture, Teller Capture, Business (Merchant) Capture, Member (Consumer) Capture and Image Deposit Returns. Credit unions receive full implementation, training, and ongoing support by a dedicated team of in-house specialists.

 

Southwest Corporate has more experience and image exchange relationships than any other corporate credit union, which expedites the collection process, reduces the need for substitute checks and provides substantial efficiency and savings to credit unions.

 

Southwest Corporate has made major financial and technical investments in consolidator software, servers and system redundancies, so that credit unions do not have to make that investment on their own. Southwest Corporate also provides ongoing monitoring of regulatory requirements for deposit processing to allow credit unions to focus on their core business.

 

For more information, contact an account executive at contactus@swcorp.org or 800.442.5763.