Merchant Capture
What is Merchant Capture?
Merchant capture is the next step in the evolution of image-based check processing which allows for commercial customers to electronically capture and remotely transmit items from their institution to yours. Beginning with the Check Clearing for the 21st Century Act (Check 21) financial institutions started moving the capture of deposits farther and farther away from the back office. Now, with Merchant Capture, your customers have the convenience of error-free balanced deposits from their place of business. Once complete the deposits and images are transmitted to your back office for processing and clearing.
What does it help you achieve?
As Merchant Capture is implemented your financial institution will experience:
- Faster funds availability
- New market opportunities
- Improved competitive posture
- Strengthened customer relationships
- Added fee income opportunities
- Reduction in items processed
The one common factor that financial institutions realize with Merchant Capture is vast opportunity to improve operations. From a low cost source of acquiring deposits to added fee income and streamlined back office processing your financial institution will be positioned to immediately benefit.
Why is it important?
Merchant capture provides an exciting new solution to your customers and helps you grow and retain those customers’ deposits. By processing deposits from their places of business your customers with regional and national locations can consolidate their banking relationship. The consolidation of these relationships can mean significant savings in account maintenance and transaction fees for your customers.As your financial institution looks to grow, Merchant Capture provides a whole new means of customer acquisition. The product allows your financial institution to easily grow beyond traditional geographic markets, which means new business without the overhead of new branches. Merchant Capture also allows you to extend cut-off times for existing customers while their need to courier item sis eliminated, ultimately saving them time and money.
Our Approach?
In offering Merchant Capture, we looked at the items of most importance to financial institutions looking to implement this solution. What we came up with is a flexible solution available either through an Application Service Provider or in-house. These options provide your financial institution the ability to select the processing that best fits your business model. The solution is easily deliverable to your customers and simple for them to learn.With complete implementation and training services our team of Merchant Capture experts works with your financial institution to ensure that you’re market ready at the time of install. In fact, part of our installation process includes the training and installation of a live customer for your bank. In addition, we provide a complete marketing kit to assist you in getting to market quickly, so you begin experiencing the benefits without delay.
Why Harland Financial Solutions?
With over 6,000 clients, Harland Financial Solutions is one of the leading providers of technology to U.S. financial institutions. Harland Financial Solutions products include deposit & loan origination, platform, teller, call-center, mortgage, business intelligence, core processing, customer relationship management systems, document solutions and item processing / electronic management solutions.