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What is Image Deposit Exchange?
How does it work?
Why haven’t I heard of The Exchange before?
Who is Infinity Data?
What’s the value to my bank?
What’s the value to my customer?
Does the company need to be a certain size to use The Exchange?
Who handles the sales, installation, maintenance, training and customer service for my customers?
 What is Image Deposit Exchange?
We provide banks a complete Remote Deposit Capture solution that’s simple, affordable and profitable. It’s simple because we handle everything from customer activation to equipment and software installation, training, customer service, maintenance, check processing. It’s affordable because unlike other check 21 solutions you’ve probably looked at, there’s absolutely no capital investment for your bank. In fact, it’s actually a new fee profit center for your bank. Our check processing service uses your customer’s existing bank account, so it will only strengthen your relationships and help you retain your customers. And it’s ready to go right now. We can provide full customer implementation in 5-7 days and we can even help you with marketing materials to promote the service to your customers.
How does it work?
The process is simple. Your customer launches the software on his or her desktop and inserts the checks into the scanner. The checks are sent electronically to Infinity Data’s check processing center. So, there’s no more deposit slips to fill out or trips to the bank. CheckStation™ records and permanently stores the entire check data including the customer name, date, invoice number, dollar amount, and an exact replica of the front and back of the check. There’s no need to ever make a photocopy of a check again. CheckStation™ works with virtually any account management software. And your customers can control the processing of multiple locations and share that information remotely with other people in their company. Plus, Infinity Data’s technical support professionals will work with your team to install the equipment and software, and train your personnel.
Why haven’t I heard of The Exchange before?
We’re a division of Infinity Data Corporation and we’ve been working for the last two years with business customers to learn what their needs are and develop a total solution that saves them time and money. The last thing we wanted to do was rush to market with half a solution like the software and service providers are offering.
So, we’ve tested and implemented the complete system with our business customers and now we’re ready to offer a proven and total solution to banks.
Who is Infinity Data?
Infinity Data has over 10 years of payment processing experience with credit cards, debit cards, check guarantee and ACH. With Check 21, it was a natural progression for us to develop a remote deposit capture solution. We have an experienced staff and infrastructure in place including a customer service call center and technical staff for installation, training and maintenance. Our goal from the beginning has been to offer a turnkey system that takes all of the burden of a remote deposit capture solution off of banks and even gives them a share of the profits.
What’s the value to my bank?
The greatest value to your bank is the ability to offer your customers a complete system right now, with no capital investment or long ramp up delays. You’ve probably seen banks in your area starting to advertise a remote deposit product, well, they’re not advertising to reach their customers, they’re looking to add new customers. So, the Exchange gives you an immediate competitive answer that’s also a new profit center, and the opportunity to leverage that solution to add your own new customers. It also increases your bank’s tech image in the marketplace and it reduces your branch expenses versus paper-based checking processing.
What’s the value to my customer?
CheckStation™ allows check data to be instantly reconciled with virtually any account management software including Great Plains, Microsoft Business Solutions, and Quick Books.
Does the company need to be a certain size to use The Exchange?
Image Deposit Exchange is ideal for any company that accepts a high volume of checks, higher value checks in lower quantities, or has multiple accounts / receivable locations.
Who handles the sales, installation, maintenance, training and customer service for my customers?
We handle every aspect of the process from installation and training, to customer service and tech support, to marketing support and equipment maintenance. Our intent is to provide your bank all the dedicated skill sets and support services needed to maintain an all encompassing solution. There’s no need for any capital investments or changes in your infrastructure or additional personnel. We even have a sales force in place that will help sell the process to your customers and we can provide merchandising materials like banner ads for your website, sales literature and point-of-purchase signage and displays.
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Call Image Deposit Exchange at 1.888.638.8896 to learn more about our complete image deposit check processing solutions or contact us online.
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