Financial Institutions stand much to gain in launching a remote deposit capture solution targeted at commercial customers. There are estimates that upwards of $200 million in commercial deposits will transfer to banks offering remote deposit capture over the next 12 months!
EFC Systems' DigiFunds solution focuses on providing your bank the tools necessary to launch a remote deposit capture system by offering a complete bundled system comprised of software, check scanner and support.
DigiFunds is a 3rd generation PC-based system producing industry standard ACH and Check 21 file output while simultaneously providing a robust document storage and retrieval system for your customers.
With DigiFunds simple work-flow, your customers can begin making electronic check deposits immediately! They simply scan checks, enter amounts, preview balance verification report, create and upload files and their check deposit is complete.
Returned ACH items can be easily re-initiated with DigiFunds' Re-initiate feature. Simply find the original item in the appropriate archive, click the Re-initiate button, select the deposit date, return code; even charge a returned item fee. Now the item is ready to be included in the next ACH file for that deposit date.
DigiFunds' Filter feature allows for easy search and retrieval of archived documents. Archives can be created in daily or semi-monthly files.
Remittance processing can now be streamlined with DigiFunds' Export feature. Export the information from DigiFunds via ASCII text, CSV or fixed width file formats.
DigiFunds interfaces with a variety of industry leading check scanners to accommodate corporate depositors of any size.
Private Label - EFC Systems can provide complete private labeling of the DigiFunds application. Private label options can incorporate feature changes to personalize the product you as a financial institution or processor wish to offer, complete with file output tailored to your receiving system.