Modern Returns Processing for Your Core Banking Platform
X9 Returns is a Windows-based enterprise software system for automating the processing of return transit items.
X9 Returns ingests X9/ICL return files and automatically matches them to the original transit transactions. Return items can then be re-deposited based on business rules or routed to internal departments for processing.
9 Returns operates on a Windows Server platform with a SQL database. X9 Returns will receive and store X9 Image Cash Letter (ICL) files received from different sources:
X9 Returns includes a web server application for operational and research activities. ICL files are stored in a SQL file system database.
In forward presentment, the bank's check item processing system adds the depositor's account number to the forward presentment ICL file containing transit items and routes it to X9 Returns. X9 Returns stores transaction data in its SQL database. then it recreates the forward presentment ICL file (this time without the depositor's account number for privacy) and makes it available for transmission to the bank's exchange partner. This is shown below.
When returned items ICL files are received from the bank's exchange partner, X9 Returns captures all of the returned item data and matches it up with the original forward presentment item. Depending on local rules and configuration, the item may be automatically incorporated into an ICL file for redeposit. Items not eligible for automatic redeposit are routed to operators who can perform on-screen data completion and/or routing to the appropriate department for further disposition. Item that will be returned to the depositor as unpaid may be printed as IRDs with or without an advice letter. This is shown below.
Most All My Papers software is available for download for trial and production use and in some cases, demo use.
While check volumes in the U.S. have been steadily decreasing over the last 20 years, even at today’s volume, more than $86 Billion in transit items are returned to Banks of First Deposit (BOFD) each year. The introduction of image processing to the clearing of checks has increased the efficiency of the exchange system such that the Federal Reserve Bank now processes all checks at a single location eliminating the concept of a “nonlocal” check, reducing the clearance time and the opportunities for holds on deposited funds. These changes require that returned transit returns be processed as efficiently and expediently as possible to reduce risk of financial loss.
In 2014, All My Papers (AMP) was approached by a large regional financial institution seeking help to automate their transit check image return processing. Even though the Bank had adopted check imaging for exchange early in Check 21 era, their transit item return processing system was still largely paper-based. This system, which made use of printing and re-imaging of check items, physical routing of paper and use of disparate in-house generated computer applications did not scale well as the Bank grew.
All My Checks™
• Extract MICR data accurately
• Format check images for exchange
• Create ICL files for exchange or RDC
• Ready to run software application
• Increase transaction throughput
• Enable Check 21 processing for legacy systems
• Acheive improved float management
• Process check images
From Phones, Cameras, Scanners
• Extract MICR data from check images
• Format check images for exchange
• Fast programming with single call implementation
• Build Remotely Created Checks
- for presentment or exchange
-on behalf of your customers
• Produce Test ICL Files
- to debug Check 21 Applications
- without risking customer data
• View content of ICL files
• View check images
• Edit records and fields
• Print IRDs and CRDs
• Detect non-conforming TIFF tags
• Correct TIFF Tags
• Detect MICR Mis-Match
• Image IQA
• Create ICL Files
• Format ICL Files
• Save as CSV Files
• Sort & Merge ICL Files
• Conforms to latest standard
• Prints Negotiable IRDs and CRDs
• Works with many printers
• Prints one item or the entire ICL file
X9 Image Clearing
• Check Archive
• Duplicate Detection
• Research Check Items
• Forward & Return Clearing
• Imports ICL files into SQL database
• Supports 50+ ICL formats
• Return item research & sorting
• Browser-based user interface
July 22, 2014 - ALL MY PAPERS Software Selected by Tangerine Bank -- Cheque imaging technology provides low cost solution for Canadian Banks
April 10, 2013 - ALL MY PAPERS Signs Reseller Agreement with Orbograph
September 25, 2012 - Orbograph and All My Papers Form Alliance for Remote Deposit Capture & Mobile Marketplace Complementing technologies improve efficiency and reduce risk of fraud
August 3, 2012- Credit Union Times - Mobility Matters: Tracking the Mobile Banking Revolution in Credit Unions
September 28, 2011- All My Papers Announces a Software Application That Makes Every Scanner a Check Scanner - You can read the press release online by going HERE.
April, 2011- Check Deposit Challenges Using Scanners Without MICR Readers - Transaction News - You can read the article online by going HERE.
January 25, 2011 - All My Papers Updates MICR OCR SDK with Additional Camera Capture Features For Mobile Phones and Desktop Scanners
February 24, 2009 All My Papers Publishes Case Study of X9 IMAGE CLEARING Software Solution For the State of North Carolina Check 21 Processing.
December 2 , 2008 All My Papers Awarded Bid by State of Nouth Carolina for Check 21 Processing
October 24, 2008 All My Papers previews Beta version of X9 Viewer with support for the Universal Companion Document, UCD.
July 23, 2008 All My Papers Releases Software Reader for USPS 4-State Barcode
May 6 , 2008 All My Papers Releases Federal Reserve Bank MICR Conversion Utility for Check 21 Files
December 12, 2007 All My Papers Releases X9 TIFF QUALIFIER For Testing To the New ECCHO Check Image Exchange Rules
October 23, 2007 All My Papers Releases White Paper on Ramifications of MICR Mis-Match in Check Image Exchange
October 22, 2007 All My Papers Releases X9 TIFF QUALIFIER for Image Cash Letters
August 21, 2007 All My Papers Joins Financial Industry Organizations ECCHO and FSTC To Facilitate Check Image Exchange
May 2, 2007 - All My Papers Releases X9 VIEWER for Image Cash Letters
March 27, 2007 - All My Papers Releases White Paper on Check Image Exchange Interoperability and Data Integrity Issue Resolution
February 21 , 2007 - All My Papers and Unisys Deliver Unrivalled Check Image Data Precision for Financial Institutions
January 17 , 2006 - Sterling National Bank, Leveraging All My Papers Technology, Granted Federal Reserve Board Approval for FedReturn™ Image Cash Letter
October 4 , 2005 - All My Papers MICR OCR Technology Integrated into 1,050 7-Eleven Vcom© Kiosks Verifies Check Image Data
August 12 , 2005 - All My Papers Publishes a FREE white paper - Combining Remote Capture and IRD Printing, A Check 21 Strategy for Community and Regional Banks.
July 20, 2005 - All My Papers Business Partner, Aquracy LLC, uses IRD print technology in Remote Image Capture Solution.
July 18, 2005 - All My Papers and Intactis Software Inc. form Strategic Business Partnership.