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MSI DirectPresentment.com News
November 15, 2005
MSI Introduces Revolutionary Check 21 Image Management System At
National Conference
MSI, Myriad Systems Inc., is a developer and provider of transaction, document
and statement processing and mailing distribution services and software.
"MSI DirectPresentment.com is a secure Internet site allowing financial
institutions of all sizes to directly swap check images, therefore bypassing the
Federal Reserve or its correspondent," said Shaun Riney, MSI President.
"Financial institutions on our system can exchange bank-to-bank or credit
union-to-credit union without the extra layer of costs, added software and
hardware other digital image exchange networks require."
MSI DirectPresentment.com uses the latest technology in check image file
standards to give financial institutions, a more time and cost efficient method
of exchanging checks without courier routes and fees or added software/hardware
costs.
MSI DirectPresentment.com complements full implementation of traditional Check
21 while still directly exchanging items with high volume peer institutions.
Financial institutions access MSI DirectPresentment.com with a simple annual
membership fee. Digital checks are exchanged via a high security Internet link
that allows implementation Verification features like file upload and download
notifications. Account users have real-time access to reports stating statistics
about transferred files including item count, dollar amounts, time uploaded and
downloaded.
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