What is Clear Payment’s Electronic Check Deposit?
Clear Payments ECD is a business product and service which allows a qualified business customer to scan checks and transmit the images to the business’s depository bank via the Internet. This web-based system uses imaged-based technology to securely submit checks for deposit electronically using a PC and a scanning device. Each check scanned for deposit generates an electronic image (front and back) that is transmitted directly to our processing center along with the deposit information. Once the items are received at our processing site, they will be quality assured and formatted for submission to the Federal Reserve for clearing and settlement. All check images and deposit level detail can be immediately accessed on line.
