Expedite international check clearing and accelerate funds availability while minimizing costs and risks
A growing number of your customers are no longer writing checks, and are turning to more advanced electronic payment initiation methods. This change means a new reality of decreasing paper check volumes and increasing processing costs for your financial institution.
J.P. Morgan, on the leading edge of this global shift, can help streamline your check processing operations through our state-of-the-art International Image Deposit Centers:
Each facility is equipped with the necessary hardware and software to scan, digitize and transmit your check images to the United States, expediting check clearing and funds availability.
Key features and benefits
How it works
Prepare your U.S. dollar check deposits the same as you do today. Then, send them to one of our image deposit centers by courier.
Once your items arrive at our facility, we balance the items, scan, test for image quality and transmit to the United States where we print the images as substitute checks for clearing. Original checks will be securely retained for a pre-determined period of time.
Because images and data from the original paper checks are captured in the region where they are collected, costs are reduced. In addition, the risk of losing checks is minimized and delays associated with inclement weather and mechanical problems are eliminated.
International Cash Letter – Clear and settle U.S. dollar check deposits through our International Cash Letter services. Our tracking and control features along with SWIFT messaging helps ensure you of security and immediate information regarding your funds availability.
Multicurrency deposit and collection services – Expedite the collection of funds on foreign-denominated checks and checks drawn on foreign banks through our overseas branch banks and international alliance network.
Secure collections – Take advantage of our state-of-the-art package tracking and fraud review process for secure and efficient check collections. Capitalizing on the latest technology and cutting-edge practices, we can help you satisfy your global requirements for a complete check deposit and collection solution.
*People's Republic of China
JPMorgan Chase is licensed under U.S. Pat. Nos. 5,910,988 and 6,032,137