Providing financial institutions the ability to enhance functionality of all sources of deposit gathering, Fiserv has announced its Source Capture Optimization approach. This includes branch, teller, ATM, merchant, regional and consumer capture solutions.

 

The financial institutions that may be dealing with a number of disparate capture solutions or changing check volume demands will get considerable value with the Fiserv Source Capture Optimization approach. This happens as the convergence of deposits from a wide range of sources continues to be a trend. The financial institutions will get best-in-class functionality with this effort which includes image quality, fraud protection, courtesy amount recognition (CAR), legal amount recognition (LAR), remittance processing and ACH conversion features.

 

By ensuring that all implementation plans are tailored to the client's needs, Fiserv will work diligently with each individual client to protect current investments.

 

Fiserv will now have the opportunity to leverage an integrated source capture platform that combines CheckFree (News - Alert) thin-client technology. This is a Web-based application in which software is not loaded on a client's computers. This provides consistent functionality for all deployment models including in-house, outsourced and ASP with existing Fiserv image capture solutions.

 

As banks take deposits from a multitude of sources, offering a universal platform will allow those sources to integrate seamlessly, creating a simplified, one-stop shop for capture while lowering the total cost of ownership.

 

“As part of the integration of CheckFree we have enhanced our ability to bring leading solutions to the market by leveraging the resources of our entire organization,” said Jeffery Yabuki, president and chief executive officer, Fiserv.

 

"Source Capture Optimization is our approach to delivering our expertise - both technology and intellectual property- which integrates all sources of deposit capture. More than 1,100 banks already rely on Fiserv for our expertise in deposit capture. We will continue our relentless focus on delivering increasing levels of value, opportunity and growth for our more than 18,000 clients across Fiserv,” added Yabuki.