The "Check deposit entry" refers to the process of capturing and processing checks submitted to a company or bank. This process typically involves identifying the submitter, capturing check data such as amount, date, and signature, and further processing the check for cashing or crediting to the appropriate account.
Typical functions of software in the "Check deposit entry" domain include:
Capture of check data: The software enables the quick and accurate capture of relevant data from submitted checks such as amount, check number, issuer, and date.
OCR technology: The software utilizes optical character recognition (OCR) to automatically recognize and process printed or handwritten information on checks.
Submitter identification: The software supports identifying the submitter by capturing account information or other identification markers.
Processing of check payments: The software facilitates further processing of checks for cashing or crediting to the appropriate account, including submission to the bank and booking the payment.
Monitoring and reporting: The software provides features for monitoring the check submission process as well as generating reports on submitted checks, payments, and transactions.