CHECK PROCESSING FOR BANKS

Mascon is your single source, high tech answer to outsource all your check processing needs.

Advantages of checks

Check processing is a must, if you want your business to thrive:

· Checks represent 60% of non-cash payments in America.
· 50 billion checks written in 2003-2004 representing $45 trillion in payments.
· 25% of all online transactions are check-based.
· Checks are less expensive to process than credit cards.

Mascon is your best choice if you want to:

· Outsource Check processing.
· Outsource Insurance claims processing.
· Outsource Lockbox processing.
· Outsource Check processing from image.

The Mascon Advantage

If you outsource your check processing needs to Mascon here is what you get:

Value-added Services

Instead of sending your customers cancelled checks with their monthly statements, we provide you a digital image of both sides of every check. Your customers have less paper to sort through and store - and you spend less on postage.

Single Platform

Mascon has developed a single nationwide platform for check processing, unlike other providers that haven’t settled on one system. The advantage of this standardized process is that even if your bank is acquiring other banks or is being acquired, you can provide consistent check processing across multiple regions.

Add to your Revenues

Our archiving system allows your customers to view their statements and canceled checks on your bank’s Web site, resulting in additional revenues. Giving your customers the option of receiving imaged checks with their statements also enables you to charge higher fees to those who prefer getting paper checks.

Prepare for Internet Banking

Debit cards and Internet banking are slowly displacing traditional checks. Mascon can help you in the transition from traditional to electronic check processing. Speedier response to customer inquiries - even Internet delivery of check images - means happier, more loyal customers.

Experiences

Mascons past and continuing experiences with International Financial Institutions helps you streamline the process and smoothen the transition faster.

Outsource Check Processing Services to Mascon and get:

Reduced paper document handling, resulting in fewer errors and increased bank productivity.

Make corporate checking accounts available on CD-ROM, with imaged statement distribution for faster, easier reconciliation.

Generate additional fees for providing customers with imaged documents.

 

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