The Green Sheet Online Edition
April 25, 2011 • Issue 11:04:02
An RDC solution for the Apple Mac
Panini, a global provider of check capture solutions, recently partnered with Cachet Financial Solutions, a remote deposit capture (RDC) solutions provider in creating the first Apple Inc. Macintosh interface RDC solution for Mac-based businesses.
According to Net Applications, the U.S. market share for Mac OS X as a desktop operating system grew to 11.41 percent in October 2010. "We knew this was an important and growing segment for our banking customers," said Michael Pratt, Chief Marketing Officer at Panini. "We know that they represent small business owners who want the same benefits from RDC that any other business owner would want."
Panini's RDC solution for Mac is suitable for small merchants and other small enterprises, including home-based businesses, Pratt said. Vertical markets for the Mac in the past were limited, but today, "Apple Mac now runs the full suite of office applications, so any of the files that the business owner was using or wants to continue to use are available in the Mac," he added.
Panini's Mac interface supports the Mac OS X operating system based on Vision API version 3.6, which is compatible with Panini's Vision X and I:Deal check scanners. Pratt said the Vision X scanner serves high-volume branch or treasury office customers with substantial batch and bulk feed processing requirements, while the Panini I:Deal check scanner is a compact, single feed unit designed for small business environments.
What makes it I:Deal?
Pratt noted that the reliability of Panini's core products is also evident in the I:Deal. "It's just going to flat out work, and that's important in small business because it might go into a tire shop or a florist or all these different environments," he said.
Another concern Panini addressed was that when check capture is transferred from the security of a bank operation center to a small business environment, the level of knowledge about check processing vanishes. In describing Paniti's solution, Pratt said, "If you put a check into the I:Deal scanner, it will automatically align the check so that the image and the MICR line are straight; the user doesn't have to worry about that."
Pratt said that when a check is converted to a digital file for deposit, the last thing a merchant wants is for the check to be rejected due to poor image quality. "That creates a lot of frustration for that small business owner because cash flow is everything to them in most cases," he said. "Often, they're prepared to write checks based on that deposit that they've made."
According to Pratt, merchants can configure the system to store scanned documents in exit pockets until they're ready to file them. "You can configure it with a franking mechanism, which is essentially a way to stamp the front of the item as deposited to prevent duplicate presentment or fraud," he said.
The I:Deal check scanner offers "true front and back, high quality image capture; MICR reading; and franking - everything you would expect in a robust check capture solution," Pratt said.
Pratt believes the I:Deal RDC product offers ISOs a unique selling category, which can be marketed as part of an overall payment solution to prospective merchants or existing customers.
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