Tangerine Bank, formerly ING DIRECT, reached an agreement with All My Papers (AMP) to leverage its cheque imaging technology, ‘All My Checks’.
This Windows-based software application provides correctly formatted Canadian electronic cheque image cash letter files for remote deposit to direct clearing banks.
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All My Checks offers secure and fast implementation of the Canadian cheque image clearing process, thereby enabling clearing banks to reduce operational expenses while boost accuracy.
Tangerine Bank chief information officer Charaka Kithulegoda said, "The All My Checks application has helped us increase efficiencies and reduce costs associated with the back-end process for the popular Cheque-InTM feature of our Mobile Banking app.
"The software has made processing easier and faster for our team, two things we always look for our technology solutions to offer."
All My Checks, which is being used by Tangerine Bank, has also been certified for creating conforming electronic cheque image cash letters for remote deposit to a major direct clearing Canadian bank.
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By GlobalDataAll My Papers supports more than 50 proprietary US remote deposit formats based on various US cash letter standards as well as all of the US X9 standards.
