CheckAlt today announced that it has completed new implementations of its Duplicate Detection technology for two CheckAlt bank clients. CheckAlt Duplicate Detection helps its financial institution customers identify multiple deposits of the same item from any capture point within the bank or credit union including branch, teller, ATM, mobile and remote capture locations.
“With CheckAlt’s ability to act as a single-source for processing all of a financial institution’s paper and electronic deposits, we have a consolidated view of all items coming in,” says Shai Stern, co-chairman and CEO of CheckAlt. “That consolidation enables us to match up duplicate items and remove them from the processing stream for review. Even if CheckAlt is not processing every capture point within the bank or credit union, we can still import deposit files from other processors for duplicate detection purposes.”
These CheckAlt clients rely on CheckAlt’s Duplicate Detection to audit items deposited at the branch, teller, ATM, remote scanner, desktop scanner, and via mobile device, and ensure duplicates are caught across all processing batches before being converted to X9 files. Leveraging the check routing number, check account number, check number, and check dollar amount, CheckAlt’s system reviews each item being processed against previously deposited items...