Products

Checkmation Prism®

The Checkmation Prism® Process:

Checkmation Prism®

Prism is our check image processing and remote forwarding and return solution. Checkmation Prism® reduces in-house processing labor and bank fees, as well as check storage/transportation costs. It is designed to work with any image enabled bankDefinition of 'Image Enabled Bank' (including Federal Reserve banks) and is programmed to automatically format check images into image enabled paying banks' standards. With Checkmation Prism®, banks can offer Checkmation SOAR® to their business customers, regardless of the customers' proximity. Checkmation Prism® enables printing of valid IRDsDefinition of 'IRD' (Image Replacement Documents / Substitute ChecksDefinition of 'Substitute Checks') when users must reconvert received, returned or archived check images and data, or create substitute checks from images they receive from Checkmation SOAR® customers that must be presented to non-image enabled paying banks. Checkmation Prism® allows its users to maintain relationships with image and non-image customers and associates alike.

Checkmation Prism's® Solution Assets

  • Handles multiple payment types;
  • Customized export file;
  • Automatic Record application;
  • Automatic cash letter sorting;
  • Automatic cash letter creation.

Checkmation Prism's® Key Benefits

  • Drastically reduces check processing labor cost;
  • Reduces transportation cost;
  • Reduces costs associated with archiving physical checks;
  • IDs inconsistencies;
  • Vastly improves on clerical errors;
  • Saves on banking fees;
  • Expands cutoff times;
  • Enables better float management.