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Web-Enabled Incoming Returns Processing
MSI Checkse Return Item Processing is an inbound return handling tool
that allows any financial institution to upload a standard ANSI X9.37 returns file
from the Federal Reserve or any other source, make chargeback vs. re-deposit decisions
online from images, and then take appropriate reconciliation actions.
Key Features and Benefits of RIP
- Intuitive interface presents operator with all information necessary to efficiently
make chargeback/redeposit decisions.
- Easy to deploy and maintain: Operates as an online, Software-as-a-Service (SaaS)
application over the Internet.
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- Review work can be segmented by status and reason code, allowing for specialization
of operators by type of return.
- For those items designated for re-presentment, produces x9.37 forward collection
image cash letter files, or renders forward collection IRDs as PDF files ready for
printing by the financial institution.
- Renders charge-back notices & IRDs for charging back to depositors the items
that are not re-presentable. Rendered charge-backs can be printed and mailed locally
by the bank, or outsourced for same-day print and mail by MSI.
- Produces necessary posting files, to core system specifications.
- Powerful search capabilities.
- Sophisticated multi-tiered user administration including role definitions, permissions,
and workflow.
- Operates modularly under MSI’s
AccessDirect™ solution portal, providing single sign-on and cross-navigation
for financial institution users who might have access to MSI’s other online
applications.
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