Account Reconcilement Services have several options like partial reconcilement, full reconcilement, positive pay, deposit reconcilement services, implementation services and check imaging. All these processes helps in the enhancement of the of the account through electronic data transmission and reports. The partial reconcilement services include receipt of electronic and paper lists of paid checks. The additional report provides a record of the stop payment activity.
Full reconcilement services comprise electronic and paper listings of paid and unpaid checks through electronic transmission of information on check on a monthly basis. The additional reports and services record other account activities. The positive pay services protects from the issue of fraudulent checks. The check authenticity features protect checks on a regular basis. The check clearing system verifies checks. Any suspected item are returned through Fed systems. The check issue information is provided with the issue of checks.
Deposit Reconcilement services enhances in the making deposits from multiple locations. The service offers a location wise deposit statement by the aid of the process of reconcilement. The check imaging options enable in the sort, print and stoarge of images.
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