By using the Payology Check Scanning SDK, developers can enable 2-D barcode extraction. This feature automatically locates barcodes within checks, remittance advices, or donor forms, performs an analysis of the barcode type, and provides the type and the extracted barcode data within a JSON response.
Customers utilizing the Payology Check Scanning SDK can choose to extract the routing number, account number, and amount from a check, and utilize the data to execute ACH debits.
A cashier's check is a check guaranteed by a bank and drawn on the bank's funds. Cashier's checks are treated as guaranteed funds because the bank is responsible for paying the amount. Cashier's checks can be scanned using Payology Check Scanning and transmitted and debited using the Check21.com Payment Gateway.
A certified check is a personal check written by an account holder, drawn on the holder’s account, and guaranteed by the bank. Money Orders and Cashier's Checks are types of Certified Checks which can be scanned and transmitted to a financial institution using Payology solutions.
The Check Clearing for the 21st Century Act (Check 21 Act) is a United States federal law that was enacted on October 28, 2003, by the 108th U.S. Congress. The law allows the recipient of a physical paper check to create a digital version of the original check. Check 21 eliminated the need for further handling of the physical document.
Also known as remote deposit capture (RDC), companies scan physical check items and transmit them to their financial institution for deposit.
The Payology Check Scanning SDK contains a library of code that provides check scanning functionality, MICR and barcode extraction, OCR conversion, deposit/remittance advice scanning, as well as image and usability testing. In addition to the scanning option, developers can also use the Payology Check Scanning SDK to physically or virtually endorse checks or remittance items that have been scanned.
A deposit slip is a form that is typically used to deposit funds into a bank account. A deposit slip includes the date, the name of the depositor, the account number, and the value of checks being deposited.
The MICR line, a row of data which includes account number, routing number, check number, and at times, amount, found on the bottom of a check is captured, extracted, and transmitted in a JSON response to the client upon API submission.
OCR is the recognition of printed or written text characters by a computer. Specifically, the technology is used to capture and extract payee data, MICR data, and amount information.
Upon check scanning, the JSON response returned includes the payee’s name and address. This information, along with routing and account numbers can be utilized to match check payees to contacts within the client CRM platform, further streamlining the accounts receivables process.
Remittance Advice, a type of deposit slip, commonly contains legible contact IDs, invoice IDs, and/or Financial Account IDs. The IDs can be found in MICR or barcode format, and are captured and extracted with a corresponding check item upon scanning.
A software development kit (SDK) is a collection of software development tools in one installable package. Check21.com offers an SDK solution that includes Payology Check Scanning SDK
Usability Testing protocols search each physical check scanned for signature, endorsement, legal amount, courtesy amount, and more. When using the Payology Check Scanning SDK, all usability test results are provided upon scanning within a JSON response. Integrity, pay to the order of name, payee name, are additional tests that may be utilized.
Virtual Endorsements are several lines of data embossed digitally on the rear of a scanned check image. The data typically includes company name, bank routing number, and bank account number. Specifically, with the Payology Check Scanning and Mobile Check Capture solutions, these endorsements can be customized by clients.
The Payology Check Scanning SDK allows clients to implement physical check scanning capabilities within their native cloud-based environment. For example, clients utilizing CRM solutions such as Sugar CRM, Microsoft Dynamics, or their custom-tailored platform, can install the SDK and allow each user or customer to access scanning functions, match checks to contacts, and allocate funds to invoices or financial accounts within the platform. Clients can white-label these functions using their site styles, colors, logos, and database objects.
Payology Check Scanning for Salesforce is custom-tailored for wholesalers and retailers. This solution allows users to scan checks and remittance advice, match payees to contacts, allocate funds to open invoices or credit memos, and create cash receipts automatically.
X9.37 is a file format that contains check images, deposit ticket images, and corresponding debit and deposit data. This file is utilized to transfer physical check images (Check 21) from one institution to another.