FINANCIAL SERVICES (BANKS) ::
Reduce Risks and Increase Profits with Check 21 Law
20 years ago ATM machines were installed to save banks time and money. As the rollout of these machines took place there were significant benefits for customers and banks. Today customers expect access to ATM machines as a core banking service.
The Check Clearing for the 21st Century Act (Check 21) brings dramatic change to the banking industry. Since more than 60% of all current transactions are checks, this Law will have wide spread impact on banking and business. Remote check clearing, when combined with debit card services via MasterCard and Visa, significantly reduces the risks to banks. Additionally, the business owner/consumer is protected based on the agreed upon service provided by the financial institution.
FileOn provides the complete infrastructure necessary for Remote Deposit Capture and Check Clearing Services. Large banks are expected to introduce new business services taking advantage of the Check 21 Law, is your institution ready?
-- call FileOn (203) 227-9669 - Satisfaction Guaranteed.
KEY CHALLENGES ::
Check 21 Law
Check 21 became effective on October 28, 2004. Is your organization ready to save time and money?
Competitor Banks
Banks rolled out ATM machines, Free Checking, Reduced Fees, which drove customers to banks that offered these features. Can you afford to do nothing? // more
Business Customers
Not having to visit a bank or ATM to deposit checks will save time. Top 100 banks in the US are placing millions into marketing this service. Customers will demand this service. Can you compete? Yes, with FileOn.