Item Exchange

ImagePoint Foundation - Exchange

Incoming and Outgoing Central Image Exchange Solution

ImagePoint is an image-based Payment Processing system designed to allow your institution to take full advantage of the recently passed Check Clearing for the 21st Century Act, commonly referred to as Check21. Unlike other applications, ImagePoint is built from the ground up as a Check21 paperless solution.

The Impact of Image Exchange

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 check truncation at the source, a reduction in expenses on a per item basis, a reduction in courier and overall transportation costs, conversion of non- image accounts to image accounts, elimination of item capture pass with incoming image clearings, elimination of physical encoding of outbound cash letters, improved fraud detection, and overall improved service to account holders.

Financial institutions that have not yet installed check imaging technology may appear to have less to gain, when in actuality they may have more to lose. The benefits for these non-imaging institutions include the introduction of imaging technology, the introduction of paperless statements and payments, the posting of non-earning assets to client accounts for settlement more quickly, the prevention of a more costly blended paper statement of checks and IRDs, the prevention of a more costly per item non-image processing fee, and the prevention of the increased cost to process IRDs versus traditional checks.

State-of-the-Art Technology

ImagePoint is designed in accordance with the state-of-the-art Microsoft .NET architecture. The Avalon mission is to augment your investment in legacy check processing, providing a scalable and fully functional image exchange solution. As technology moves forward in the 21st century, Avalon, a Microsoft certified partner, will enable you to take full advantage of improvements in processing power and efficiency.

Incoming Exchange

ImagePoint is an integrated image exchange solution for both Incoming and Outgoing processes. Incoming X9.7 files from SVPCO, FRB, Bank of America, and FISERV are received, validated, and files are merged into the ImagePoint Payment Processing system or a legacy system by our Virtual Capture application. Bluepoint’s optional Image Return Cashletter (IRCL) interfaces seamlessly to existing return systems.

Outgoing Exchange

The ImagePoint Outgoing process takes advantage of the investment in your legacy check processing and capture systems. Bluepoint’s state-of-the-art applications work in conjunction with your existing systems. During the transit process, electronic cash letter files are generated, automatically formatted into the X9.37 standard, and queued for transfer through the Transmission Gateway.

Image Quality, Usability and IRDs

The success of image exchange depends on the ability of an institution to produce images with good quality and usability. IP Exchange includes a sophisticated interface to detect quality and usability of the captured images and rescan the items that fail the testing. ImagePoint also includes a rules-based IRD production facility that can be used to print ad hoc and batch IRDs. The system will keep an audit of IRDs printed and will prevent duplicate IRD production.

Start Saving with IP Exchange

ImagePoint will allow you to quickly start exchanging images and start realizing the following benefits:

• Exchange with other financial institutions, regardless of platform or processing differences
• Reduce transportation costs and the cost of managing endpoint relationships
• Minimize the impact to your current check imaging platform