Products & Services

Check Processing

When you think if check processing, do you still see paper, sorting machines, envelopes and statements?

Those visions are rapidly fading into the past, replaced by all-image processing. Starting with the deposit, checks are processed as images. That includes transit, adjustment, inclearing and return items.

And that’s just the beginning of COCC’s image item processing story.

COCC Leadership
Starting in 2004, when Check 21 legislation went into effect, COCC has been a leader in image item processing. Here’s why:

• COCC developed the industry’s best practices. We knew that check image processing represented big changes in workflow, so we developed those changes and made sure they worked in every COCC installation.



• COCC calculated ALL the costs and ROI. No banker should invest in new processes or technology without understanding all the costs and a reasonable ROI. COCC developed a full work-up, including clearing costs, equipment, training and more, so that our clients understand their investment completely, before they start!



• Alliances that deliver results. COCC made sure that clients have multiple clearing options so they can enjoy the greatest cost savings from image check processing.



• Smarter technology sooner. COCC knocked the paper out of all check processes in 2008 – earlier than any other check processor. But we didn’t rest on our laurels. Advanced check scanning technology reduces Day 2 processing by 95%, reducing cost by increasing accuracy.



• Our clients are 100% satisfied. That’s right – 100%! We pay attention. We innovate. We respond. There’s no company in financial technology services that can beat our record for client satisfaction.



• COCC’s Secret? It’s not a secret at all – we’re client owned. That gives COCC a single focus on client service. It’s kept us successful since 1967 and made us the fastest growing IT service in the financial industry.


Discover COCC by clicking here. We are the best in the business, and we will show you why.

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ACH

Tight integration between COCC’s core and general ledger systems creates next generation capabilities for today’s financial institution.

COCC’s core processing system enables clients to perform the full range of ACH functions using the familiar commands of the core system, including:

• Comprehensive View – COCC provides all information for a customer/member’s ACH activity on one screen. Staff can inquire on name, TIN, account, amount, or source ID for full transaction detail, including the transaction’s addenda record. NSF items are also included along with the fee assessed.

• Exceptions are presented on one screen with all relevant account information to assist decision making. Your staff can sort exception items by a variety of criteria. Final decisions are sent to the FED while reports are generated for balancing.

• Automatic OFAC review to identify the source of international ACH transactions and block activity by source, dollar amount and transaction type. COCC scrubs all ACH files automatically whenever a PEP list is updated. Clients can search a new prospect/customer against the PEP list at any time.

• Overdraft Protection and Courtesy Pay options integrated with ACH transactions. One screen displays the customer's overdraft options and available balances for override decisions to accommodate special needs.

• Automatic general ledger updates as ACH transactions occur. The FED account receives general ledger entries equal to the settlement totals from the files received. ACH reports are available same day.

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Remote Deposit

Whatever your institution’s plan for business accounts, remote deposit should be part of it.

Today’s technology breaks the limits of geography. COCC’s Remote Deposit enables any business customer to deposit checks digitally, without leaving their offices, saving them time and providing rapid credit for their deposits.

Fully integrated with Cash Management and other online business banking solutions, COCC’s Remote Deposit solution helps your institution manage multiple touch points for its business clientele.

Key Benefits

• Expands Market Possibilities

• Raises Low-Cost Core Deposits

• Frees You from Expensive Courier Services

• Blocks the Competition

• Needs No Software Installation

• Integrates with other Business Banking Solutions

No wonder COCC’s Remote Deposit solution is a must-have product solution at most US-based banks!

COCC adds cost and time saving functionality, such as intelligent document and character recognition, data management based on business rules, and intelligent clearing capabilities.

Complete support from a leading provider of Check Image processing makes COCC’s Remote Deposit solution the best choice for any institution contemplating this uniquely attractive service to businesses.

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