Remote Deposit Capture

1. Remote Deposit Capture Inovium Corporation

2. What is Remote Deposit Capture? (RDC) Scan Checks Remotely Electronically Deposit and Clear YOU GET YOUR MONEY FASTER Bank Your Location

3. The Old Way: Manual Deposit Process Consumer mails payment to the corporation Check received, opened, data entry and information uploads to the accounts receivables, customer, and other databases. Deposit prepared including counting the number of checks and adding the value of checks at least twice to ensure accuracy. Deposit is physically transported to bank for deposit. Up to 5 days for deposits, clearing, & settlement

4. Paper to Electronic Check received via mail or at a payment center Paper check and transaction data converted to electronic image Processor compiles files and submits to Federal Reserve Federal Reserve clears Money settled to existing depository account

5. ACH Accounts Receivable Conversion (ARC) • Governed by complicated NACHA rules • ACH network is batch oriented • Slower money settlement • Additional work needed to separate checks

6. RDC Best New Way Faster Funds can settle next business day Flexible ALL CHECK TYPES • Business • Corporate • Government • Consumer • Cashier • Travelers

8. Overview of the Transaction Process The scanner is connected via USB. The scanner creates TIF Images of the checks. Images are sent via secure connection over internet to secure server where images are analyzed to be certain that it is a legitimate and has the necessary attributes for successful image processing. Images sent to the Federal Reserve. Cleared funds settle to your existing bank account. Your enterprise application, or utility software Checks are scanned into the imager either individually, at the point of payment, or in bulk RDC Platform with Image Archive, Transaction Management, and Export Utilities High-speed Internet or LAN Federal Reserve Bank Your Depository Bank

9. RDC Growth Locations

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12. Lightening Fast Authorization • In a POS environment, an authorization message is returned indicating the acceptance of the transaction within approximately three seconds • In a bulk processing environment the check images can processed individually or complied into a batch which can be reviewed, edited, coded and submitted at the Client’s option

13. Results • Fast Settlement for increased cash flow and improved credit rating • Reduce transportation costs with fewer trips to the bank & reduced courier or mail fees • Increased Productivity Save time processing checks, creating and making bank deposits, correcting errors, categorizing payments, applying payments to billing files or registers and maintaining detailed records and copies of payments. • Extended deposit deadlines • Deposits up to 8:00 PM EST

14. Improve & Streamline Operations • Improved disaster recovery • Permanent archive of check images • Eliminate sorting, storing, or managing physical checks • Consolidated bank accounts • Reduce analysis, reconciliation, and management fees • Streamline Operations • Fast recording and accounting of receipts and payments • Eliminate manual entries through unique Optical Character Recognition that instantly reads all hand written items on the check • Verifies the account and account holder • Quick capture of fraudulent checks

15. Benefits • Accurate Electronic Cash Letters • Clear image software (CAR/LAR) on server (not scanner) • Ensures accuracy in files and cash letters • Eliminate Manual Endorsements • Endorsement automatically placed on the check image • Private Labeling (10,000+ transactions/month) • Branding reinforces your image as a technologically advanced organization

16. Added Value Multi-Function Platform

17. Multi-Channel on Single Platform Optimal Flexibilty

18. Easy Reporting • Transaction Reports by day, batch, week, month, year, client, purpose or ledger category • Select any transaction to see the images appended to that transaction and other transaction detail

19. Compile and Review Reports with Ease • Daily Transaction Report notifies Client of any Returned Items and displays total batch for the day • Images and details become part of permanent archive • Daily batch review

20. Reconciliation and Ledger Management • Easily create purposes and apply ledger account codes • Payments can be coded by purpose, ledger account and more. Other data, notes, payer information and an accompanying image can be appended to the transaction and stored in the archive. 

21. Start Today New passive income steam to you Predictable recurring revenue Gives you a competitive advantage Gain larger market share Customers want the service Saves your customers money