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Myriad Systems, Inc. Announces MSI Checkse - All-digital, Paperless, Web- Enabled
Branch Capture Solution
MSI Checkse Introduced at BAI Transpay Convention
and Expo in Las Vegas
"MSI Checkse is totally digital -- NO PAPER! MSI's advanced technology has
completely eliminated the need for paper handling, sorting and transportation,"
said Shaun Riney, MSI president. "With our branch capture solution all transactions
are handled digitally from capture to presentment to returns with no hardware. Many
financial institutions are holding on to their paper sorters because they haven't
been able to make the leap into the Check 21 paperless system. MSI Checkse gives
them the ability to make that jump without massive servers or new equipment in a
completely secure environment with data redundancies built in."
MSI announced MSI Checkse at the annual BAI Transpay Conference and Expo in Las
Vegas. The BAI Transaction Conference is a major platform for the transaction and
payment industry, attracting hundreds of the nation's top solution providers.
Web-enabled means MSI Checkse offers immediate savings because the solution is
completely operated from an Internet browser and requires no costs related to server
installation or maintenance.
MSI Checkse is a fully functional POD (proof of deposit) product with Intuitive
reject-re-entry, CAR/LAR and all other POD features available and; of course, web-enabled.
This branch capture solution can also create image replacement documents (IRD) and
demographically expedite IRD production nationally to speed up the delivery time.
"MSI Checkse is a true Check 21 system because it only utilizes a digital
means of transporting items. Financial institutions nationwide are finally embracing
the technology, speed and convenience of electronic truncation in wide scale use.
Paper financial items are quickly becoming obsolete in the race to adopt new technology.
Our unique web-enabled technology allows institutions to step into the Check 21
world with minimal investment," concluded Riney. "MSI Checkse is an
integral part of MSI's suite of Check 21 solutions including MSI CheckUp®, a web-enabled
archive product, MSI Direct Presentment, a web-based digital exchange solution with
SDS (same day settlement) and the new MSI Remote Deposit, a merchant capture solution.
All are ASP.net and fully web-enabled.
Check 21 refers to the Check Clearing for the 21st Century Act approved
by Congress in October 2004, allowing financial institutions to clear checks based
on digital images of the original item rather than requiring the institution to
present a paper item.
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