The Innovative Solutions Awards, sponsored by BankNews, recognizes companies that have introduced or significantly enhanced products designed to help community banks become more efficient, expand their capabilities and, ultimately, better serve their customers. Bluepoint Solutions’ Check 21 teller capture product has been nominated as an integral part of Open Solutions’ tMagic Teller Capture’ solution, which is fully integrated with Open Solutions’ enterprise-wide core processing and teller platform technology.

By integrating Bluepoint’s teller capture solution with its core processing platform, Open Solutions increases the already significant benefits of capturing at the teller point-of-presentment, including:

1. Increased operational efficiency and reduced costs
2. Immediate check verification and fraud prevention
3. Automatic processing and balancing
4. Enhanced business continuity and disaster recovery
5. 100% transaction integrity

The Open Solutions offering, jointly developed with Bluepoint Solutions, allows tellers to capture checks in real-time at the point-of-presentment at the teller line. When a teller receives checks, he or she will scan the items into the system by selecting the “Scan” button in Open Solutions’ Transaction Express (TE). This button invokes a call to tMagic Teller Capture, which reads the MICR information and the amount of each item and populates the TE screen with that information. The teller then selects the “Process” button in TE to commit the transaction to the database. When all items are read successfully, it only takes two mouse clicks to complete a transaction. This significant reduction in keystrokes enables tellers to balance cash drawers more rapidly and with fewer errors.

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In the current economic environment, capturing check images at the earliest point of presentment gives financial institutions an immediate competitive advantage that directly improves the level of convenience and service they are able to offer account holders. Offering image-enabled ATMs paired with remote deposit capture (RDC) can help recruit new accounts and strengthen relationships with existing clients by offering enhanced self-service banking options at multiple remote locations. As image-enabled ATMs gain momentum among financial institutions, the institutions need to closely examine their capture and processing strategies to ensure they are not missing out on critical cost savings and operational efficiencies.

The clear advantages of RDC at the ATM are increased when the items captured at ATMs are combined with a full remote deposit capture platform. By incorporating the ATM capture component into the institution’s entire RDC platform, they will take advantage of enterprise-wide duplicate MICR detection, central archiving and research, and simplified balancing – resulting in earliest funds availability (reduced float), earlier fraud detection and reduced workload. This is a critical, yet often overlooked, component to a comprehensive ATM capture strategy.

The last component of sophisticated ATM capture strategy involves evaluating the transport services utilized to process and clear transactions. When an institution relies on a centralized transport service to move images from multiple capture points (ATM, teller, branch, merchant, consumer) to the back-end item processing solution, they can strategically time and coordinate multiple releases for clearing, resulting in earliest funds availability and savings on dollar amount or item per-transmission fees.

When integrated into the institution’s full remote deposit capture strategy, the image-enabled ATM becomes much more than just a convenience, but rather a significant savings and revenue builder for financial institutions.

To learn about more Up-and-Coming ATM Strategies read the Bank News article, featuring Bluepoint Chief Marketing Officer, Dick Drew.

Consolidation of Key Components Yields Comprehensive, Streamlined Item Processing Solution

ImagePoint, Bluepoint’s image-based item processing solution, allows financial institutions to take full advantage of Check 21 legislation through sophisticated incoming and outgoing central image exchange. Due to the integration of several major components from Bluepoint’s existing product line with the highly advanced functionalities from the ImagePoint product, the release of ImagePoint version 3.5 yields a streamlined Item Processing solution with greater technological strength and functional depth. Significant features included in this comprehensive version release are:

• Sort Pattern Studio - virtually sorts items to destination endpoints using a sophisticated sort pattern utility. Provides the ability to execute simple RT-based routing up to complicated least cost routing, based on multiple factors. Eliminates the need for paper item processing and the large sorters required for this task.
• Workflow Manager - streamlines processing and automatic workflow management with new workflows, configurable to a financial institution’s environment. Simplifies the task of monitoring and managing the flow of information through the system.
• FedReturn & Receipt - sends mixed return image cash letters to the Federal Reserve by interfacing to FedReturn and accepting return image cash letters. Multiple file output formats now include the latest SOP 4.8 posting format, improving compatibility with most core processing systems.
• SmartClient support for Microsoft Windows - combines the reach of the Internet with the power of local computing hardware allowing financial institutions to operate in an SaaS environment. Smart clients may be deployed and updated in real time over the network from a centralized server.
• File Processing - improves image exchange file processing speed by over 50%. This feature also includes numerous item level enhancements such as TIFF tag validation and repair, missing image detection and MICR/OCR mismatch detection. A broad range of file and item level processing validation criteria may be enabled, allowing financial institutions to proactively monitor and correct image exchange files that may have been received with errors, ensuring proper file integrity for all exchange partners.

As the first Bluepoint release of ImagePoint since the company acquired the product’s creator, Avalon International, this version marks a milestone for the company and its customers by providing an integrated product line focused on innovation. ImagePoint version 3.5 maintains the flexibility and modularity of a comprehensive item processing solution, while advancing the technology it was built upon. The ImagePoint solution is a highly efficient and cost effective complement to Bluepoint’s RDC Check 21 capture solutions. Together they deliver a true, end-to-end, Check 21 image-based item capture and payment processing solution for small and large financial institutions.