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Automated Check Image Xchange™ |
ACIX™ is a technical service offering designed for financial institutions to allow
digital exchange of transit and return items among participating institutions, correspondence
banks and the Federal Reserve Banks. In addition, this service is also applicable
to the implementation of Branch/Remote Capture within an institution where the image format
of Remote Capture requires conversion to the format required by the institution's image
archive.
The following capabilities constitute the ACIX™ offering:
- Transit and Return items are reformatted from the Bank of First
Deposit to format of Paying Bank, Correspondent or Federal Reserve format
(X9.37) with associated cash letter either in ASCII or XML
- Custom delivery of posting file to match the Paying Bank's core processing
- The custom posting file will support multiple ABA numbers
- The custom posting file will support account number or transaction code translation
- Automated Return Processing with return code per X9.37
standard, and utilization of the Paying Bank’s Exception Report as input
- Automatic creation of substitute checks a.k.a. Image Replacement Documents (IRD)
- Printing of IRD documents by 30-plus secured data centers within USA or dedicated VPN connected
printer located at the Paying Bank’s designated location
- Provides research capabilities to support Correspondent Banks for On-us or Transit items
- The service warrants image translation and creation of IRD per Federal Guidelines
- Complete audit trail by batch or by individual item.
Online access to processed items for 120 days with
option of periodic creation of DVD with built-in image viewer,
BankDocEZ. The BankDocEZ allows search and
rendering of item by transaction code, amount, check number, account number, ABA number,
process date or any above combination. The rendering consists of viewing, email, fax or
export of image for desktop processing.
- Optional long-term storage archive up to 7 years
- Optional image statement printing
- Optional linkage to home banking software
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