Business clients are often your most profitable clients. Discovering new ways to make banking with your organization more convenient is key to fostering these valuable relationships. Premier Merchant Capture, part of Information Technology's deposit automation solution, is a big step in this direction. By giving your business clients the option to deposit checks without ever leaving their place of business, you reduce the labor involved in deposit preparation and transportation expenses for your customers while offering later posting deadlines and improved cash flow. Meanwhile, you create new opportunities for service fees, reduce processing fees and eliminate geographic boundaries for your organization.

Premier Merchant Capture enables a merchant to capture checks and deposit them into their account electronically. It's easy to use; simply place the check into the scanner. The scanner automatically captures the front and back images, and endorses the check. Additionally, the check amount is read programmatically using the Courtesy Amount Recognition and Legal Amount Recognition (CAR/LAR) technology inherent to the solution.

Additionally, an Image Quality Assessment (IQA) of the check is done at the point of presentment. Once all checks are captured, Premier Merchant Capture totals the number and value of all imaged checks. Using a secure internet connection, which utilizes SSL 128-bit encryption, the merchant sends the entire batch of checks to you electronically. They receive immediate confirmation that the deposit has been received. Once you receive the check file, all transactions flow through the distributed capture engine and are either posted to your accounts or routed to your exchange partner via IRD or X9.37 files.

Premier Merchant Capture presents you and your customers with a win-win situation. Since paper checks are no longer needed for posting, your financial institution is positioned for truncation and elimination of paper handling. The time and money spent processing physical checks is freed up for other important banking functions. Premier Merchant Capture also provides the opportunity for your deposit base to grow by consolidating multiple business locations into one banking relationship and eliminating geographic boundaries. In addition to expanding your own customer base, Premier Merchant Capture helps to make sure you keep your current clients loyal to your organization by offering extended deposit processing windows, faster availability of funds and the cost savings and convenience of completing deposits electronically.

ITI has teamed with Beavercreek Marketing to craft a marketing package to help you roll out your new service to your business clients. This add-on package includes:

• Sample Merchant agreements
• Sales demonstrations
• Training demonstrations
• Start-up kits
• Lobby Displays & Posters
• Statement stuffers
• Banner Ads
• Collateral pieces/ Brochures

For information about Fiserv products and services, please call 402.421.4254 or email us at esolutions@fiserv.com.