What is Remote Deposit/Accounts Receivable Conversion/Check 21 Processing?
Remote Deposit/Accounts Receivable Conversion/Check 21 Processing are all basically interchangeable descriptions of a new service. It involves the deployment of a check scanning device directly to a client’s office. The device can accomplish multiple tasks in a one-step process. It scans the checks, captures an image of both the front and the back of each check, makes the deposit to your account at ALTA Alliance Bank and provides detailed information to upload to your accounts receivable system. The service is managed via a secure Internet site which can accommodate multiple users and bank accounts, retrieval of images up to 24 months and file extract formats that are compatible and allow a direct interface to a number of different accounting systems, including QuickBooks and Quicken.
