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Financial institutions that currently utilize check imaging technology are best positioned for the opportunity that Image Exchange presents. The benefits for these imaging institutions include the following:
Check truncation at the source
Reduction in expenses on per item basis
Reduction in courier and overall transportation costs
Conversion of non-image accounts
Elimination of item capture pass with incoming image clearings
Elimination of physical encoding of outbound cash letters
Improved fraud detection
Overall improved customer service

Cutting edge item processing solutions for Check21 and more...
 

Wide range of available products for your needs...
 
 
Avalon’s ImagePoint™ Image Exchange suite of products is a state-of-the-art solution for image exchange built from the ground up. It seamlessly integrates into most existing legacy check processing systems and into Avalon’s ImagePoint™ Central check processing system.

The Image Exchange solution is composed of multiple independent modules working together that can support multiple capture systems and/or interface to Oracle/SQL server databases. The Image Exchange solution is based on the Microsoft .NET, XML platform and leverages other proven Avalon products and components for ease of migration to image-based capture systems with state-of-the-art technology. It positions the financial center for truncating paper items at the point of presentment.

The modules in the Avalon Image Exchange solution include:
Configurator: Numerous control parameters including endpoints exchange types and trading agreements, quality and usability thresholds, incoming X9 validation criteria, and rescan parameters.
Administrator: Monitors the block status for IQUA/iSynch/Rescan processes; provides cash letter inquiry by endpoint, status, and files; monitors ECP/ECPi files status.
PreProcessor: Validates incoming X9 files for source, format, and content; enforces trading agreements; stores in Image Exchange database; detects duplicates and avoids double posting; configurable retention period; queues X9 Files for downstream processes.
iSynch: Synchronizes images and code lines; automatically validates incoming images; performs ICR on the code line from the image; picks up CAR/LAR amount from the image; compares detected code line with X9 entry; allows manual inspection for failed images; configurable selection criteria; flags synchronization failures for return processing.
IQUA: Flexible and configurable; fully compliant with X9 requirements for both incoming and/or outgoing; supplements hardware quality detection when needed; optional manual overrides; interfaces to multiple engines, including MITEK, Parascript, Unisys and A2iA.
Re-Scan Manager: Creates Rescan Items Locator Report by Device, Block, Pocket and DIN; includes an Image Viewer Utility and Rescan Manager Research option; integrated with TTS capture application which supports CR180, Panini or Unisys NDP/Quantum; includes automatic and manual code line match; re-scanned images checked for quality/usability.
X9 Generation: Cash letter creation triggers ECP creation automatically; ECPi file generation queued automatically; supports ICL creation, ECP with image to follow (ECPi). ECP with paper to follow, ECPD or IRCL creation; configurable based on deadlines and trading partner agreements; provides quality/rescan status; fully compliant with X9 specifications, including ANSI, SVPCO Band of America and FED versions; uses prime or rescanned images; queues to Transmission Gateway; archives outgoing X9 data.
Transmission Gateway: Sends and receives Image Exchange data; interfaces with SVPCO, FRB, FISERV, Endpoint Exchange and peer-to-peer networks; sends ECP or ECPi based on deadlines; manages and logs all incoming and outgoing activity; ability to resend or request resend; assigns and verifies file versions.
Returns Processing: Integrated Image Returns handling; for Outgoing Returns, merges IQUA/iSynch and posting exceptions, creates Return Item Bundles and generates Returns cash letter by endpoint, and merges images optionally (IRCL); for Incoming Returns, uses archived Outgoing Image Exchange items to validate return items and interfaces to existing Returns systems.
Legacy Processing System Interface: Integrates with legacy processing system for Image Exchange such as Unisys IPS/ICPS or IBM CPCS; includes Avalon TTS upgrades to stop flow on quality failures, allow fixed account table lookup, and virtual prime and re-pass processing.
IRD Printing: Provides incoming IRD identification; print requirements tied to endpoints; ad hoc and batch printing; automated routing to print system; configurable status management for when, where, and number of copies.
Reports: Provides standard reports for incoming and outgoing volume statistics, settlement totals, quality statistics, and operator statistics; reports can be accumulated by endpoint, region, provider, etc.; flexible formatting for ad hoc or user-created reports and queries.




To learn more about our ImagePoint™ Exchange solution click here.
 
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