What do we do differently?
When it comes to advanced check processing technology, Durango Merchant Services connects our clients to a pioneering platform that is fast, easy and embraces the 21st century in full. We offer the first 100% internet-based, non-ach processing system capable of image-processing and remote deposit capture to all of the banks in the United States. Always trying to stay ahead of the curve, we provide a platform that introduced the first Application available on the Apple App Store to allow picture checks with a Smart Phone or Tablet, from anywhere in the world; furthermore, it was the first to offer Same Day Deposit of checks to companies in the United States and Canada.
Today, Durango Merchant Services continues to offer the best payment systems in the industry. The technology we use is capable of handling processing for any type of company from start-ups to family owned businesses and Fortune 500 companies. No matter whether you need Basic Check Processing or Live Signature Capture across 2000 mobile devices, or maybe Real-Time, Live Bank Verification, we have you covered.
What is Remote Deposit Capture (RDC)?
Remote Deposit Capture (RDC) is a method by which check images are processed efficiently to a financial institution in a Image Format. This format allows banks to pass along the information and images in the same file format to other banks. Because it is 100% electronic it is a very efficient way of conducting business. Computers handle the items, which cuts down on operating cost.
What is Image Cash Letter (ICL)?
Image Cash Letter (ICL) is a method by which check images are processed efficiently to a financial institution in a file upload. This format allows banks to pass along the information and images in the same file format to other banks. Because it is 100% electronic it is a very efficient way of conducting business. Computers handle the items, which cuts down on operating cost.
How is it Different from ACH?
ACH is also fully electronic. However, ACH comes with processing limitations and reserve holds. RDC and ICL are transmited direct to your bank account. This bypasses general 90-180 reserve holds, and also allows for little to no reserve requirements with your bank.
How do Merchants Benefit from RDC and ICL?
The merchant is dealing direct with the processor and bank. The processor is there to make sure the files / checks are handled properly, and verified per their instructions. The files go direct to bank without a middle man in place to worry about reserves or limits on growth. This allows the merchant to conduct business direct with their bank, as if you they were walking in to make a deposit personally.