Value proposition
Electronic deposit automation saves credit unions time and money because it clears items more quickly and reduces financial risk. Corporate One’s Automated Capture & Exchange (ACE) is a proven Check 21 solution for credit unions built by credit unions. It is flexible, fitting whatever deposit automation needs your credit union may have: providing software and support to credit unions who need it or a more autonomous program for credit unions able to support their own equipment. Our program also provides the capability to support image-enabled ATMs. Electronic deposit collection is made easy with ACE. Other benefits include:
- Leveraging least-cost routing model for low cost forward cash collection of items
- Image Quality Analysis (IQA) on each item to ensure than it meets Check 21 standards for readability
- Replacing efforts to microfilm or copy items by scanning, validating and archiving items in seconds
- The ability to scan many types of deposit items, including on-own items, savings bonds and loan coupons
- Eliminating the need to develop or maintain in-house image database
- Spending less time and effort researching items by using our searchable, secure online image database
- Improved clearing and return times
- Reducing or eliminate courier fees by transmitting electronic images to Corporate One for clearing and returns
- Live and on-demand ACE training
- Help desk support for software, transmission, image database and forward collection issues
Why choose Corporate One?
ACE is the #1 turnkey branch capture deposit solution and image database solution for credit unions. It is a back-counter branch capture system that allows credit unions to perform total electronic forward collection of deposits and manage other items more easily and efficiently. Corporate One’s ACE program is a customizable package of services, offering our ACE participants two services: Associate and Independent.
With the ACE Associate program, Corporate One provides a turnkey solution, handling much of the responsibility and risk. Corporate One:
- Provides credit unions with dedicated PC(s), scanner(s) and ACE software
- Provides support for all equipment and software
With the ACE Independent option, Corporate One:
- Provides credit unions with detailed specifications on compatible PCs and scanners or allows credit unions to keep current ACE equipment
- Provides ACE software
- Provides extensive training to a designated individual at member credit unions who then becomes the resident expert for all ACE training
Corporate One has also created an integrated deposit automation solution for image-enabled ATMs, which allows credit unions on any of our ACE programs that have image-enabled ATMs to electronically submit those items for forward cash collection as well.
The Power of Least-Cost Routing
Corporate One uses a least-cost routing model to keep processing costs down for our members. By aggregating the volume of all ACE items, Corporate One is able to leverage relationships with key financial institutions around the country to ensure the least costly route to present items for collection. Routing may be done through the Federal Reserve Bank, a national exchange network or directly with the financial institution upon which the check is drawn. By routing items in this manner, Corporate One is able to pass savings onto our members.
