Whether developing a proprietary system or contracting with a web-hosted vendor,

banks
should shop for key functionality and preferred capabilities. Many of the features
mentioned in
the product description above are standard, while more recent developments are
premium “addons”.
The option of scanners provided to the bank client should include a dual-sided
scanning
capability with automatic endorsement of the back and a marking of the front to
prevent
duplicate deposits. Software should provide CAR/LAR quality recognition and check
sorting
features, and should allow the user to search a database of archived checks.
Meanwhile, the
application must integrate with programs such as QuickBooks or data must be
exportable to
other applications. Lastly, if remittance and lockbox processing is desired, many
services can
now accommodate payment stubs, invoices, and coupons. Many hosted solutions have
the
ability to convert these items to ACH, if consumer checks, or have them cleared as