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Value proposition

Since the passing of the Check 21 law in 2004, one of the leading industry solutions has been remote deposit capture (RDC), which captures digital images of items so they can be electronically processed for forward cash collection. Corporate One uses TranzCapture LLC, a credit union service organization, as the platform for all its item processing services. TranzCapture’s remote deposit capture and deposit item processing streamlines work through its web-based platform that offers consolidated administration and processing for all deposit channels (branch, business, mobile and ATM/intelligent teller machines).

Users access TranzCapture through Members Only, Corporate One’s online member portal, and conduct all deposit item work, including verifying items, viewing archives and running reports from one consolidated platform. Members can count on robust reporting, real-time duplicate item and batch detection and same-day access to images in a seven-year archive.

Branch CaptureDeposit Return ServicesFraud ProtectionImage Clear
API Solutions

 

Business Capture

Credit unions’ business members and select employee groups (SEGs) can scan checks and transmit them directly for processing, clearing and collection. The credit union can review, modify or delete items/batches before they are processed.

How does it work?

Credit-union managed settings include business name and location, business users and permissions (scan batch, search, reports), and business review limits, including batch count, batch amount, daily count, daily amount, single amount.

Features and Benefits

  • Internet-based software. Other than a scanner driver, there is no program software to install at member businesses
  • The ability to create posting files, which eliminates the need for staff to manually post credits to their members’ accounts.
  • Online deposit history with images available to the member business
  • Flexible risk mitigation allows credit unions to control item review parameters for a range of variables and update them at any time
  • Times may be set for automatic generation of posting files
  • Real-time detection of duplicate items and batches
  • Real-time and/or next-day Early Warning® Deposit Chek® fraud protection across all deposit channels (different thresholds can be set for each channel)