Has Fortis Check21 been certified by the Federal Reserve Bank (FRB) to be a Check 21-compliant system?
No. The FRB does not certify software or software vendors. Instead, financial institutions that want to establish an image exchange agreement with the FRB must go through a certification process. As part of the certification process, the financial institution will send the FRB a X9.37 test file derived from their check imaging system. The FRB will then report back to the financial institution as to whether or not they were able to process the file. If the FRB could process the file, then the financial institution is essentially on its way to using the FRB’s FedForward Image Cash Letter Deposit solution. The same holds true for financial institutions that want to take advantage of the FRB’s FedReturn and FedReceipt (inclearings) solutions. Does Fortis Check21 support direct exchange with the Federal Reserve? Yes. Check Capture can output a X9.37 file that meets the Federal Reserve requirements. Then, the financial institution utilizes one of the recommended methods to transmit the X9.37
