e-DEPOSIT FOR BUSINESS
Benefits How It Works Key Features Demo
e-Deposit is our remote deposit capture service that enables you to convert your customers' paper check payments into electronic transactions for faster processing without having to go to the bank. You can scan, process, and electronically deposit the items right from your place of business.
It is simple. Everything is done in your business environment. No trips to the
bank; no deposit slips; no courier service for the daily deposits.
For low volume check deposits, an office fax machine can be used.
For higher volume check deposits, all that is needed is Internet access, one of our desktop scanners, and a personal computer running Microsoft Windows.
Scan the checks. Watch each paper item convert into an electronic image, and then into an electronic deposit.
Depending on the capabilities of your accounting software, our technology
can even prefill information for your accounting system to reduce manual posting.
Benefits of e-Deposit for Business
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Here's How e-Deposit Works
- Your business receives a check for payment of goods and services.
- Checks are scanned using either a standard office fax machine or one of Community Bank's desktop check scanners.
- Checks are processed via Community Bank's secure web-based software system, and transmitted electronically.
- Items are processed as checks under the Check 21 environment.
The funds are processed through the ACH, electronically debited from the customer's account and available in your bank account within 24 hours.
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Key Features & Functionality
- Check Images and Data
24/7 access to view and retrieve your deposited check images; easy research capabilities
Database recognizes payments from same source to reduce data entry time
- Flexibility and Scalability
Easy adjustment to support any payment volume, from small single users to large payment processors
Process your deposits any time of the day; transmit before the cutoff for next day availability
- Data Security
All data transmission is performed using a secure web-based system
Duplicate items are not accepted
Community Bank of San Joaquin will assist you with check storage to reduce storage concerns
- CAR/LAR Technology
Character Amount Reader/Legal Amount Reader (CAR/LAR)improves the speed and accuracy of the imaging process. This reduces the time spent on data entry, processing and reduces errors.
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