Merchant Capture
Why rush to the bank to make deposits during business hours when you can do it all from your office? Deposit your checks electronically with Merchant Capture.
Don't waste time running to the bank when you could be focusing on your business. This service is especially useful if you have multiple locations or receive large checks. It's totally secure and easy to use. Best of all, you can make deposits anytime -- even when the bank is closed!
It's like having a 24-hour bank teller right in your office.
- Summary
- Make deposits anytime
- Save time preparing deposits
- Consolidate funds from remote locations into one bank
- Cut costly courier fees or trips to the bank
- Reduce risk of check fraud
- Get funds credited sooner
- Securely encrypted
- How Does It Work?
Merchant Capture is easy to set-up and use. All you need are the following items:
- PC with a current version of the Microsoft® XP or 2000 and a USB 2.0 port.
- Desktop check scanner and software
- Internet connection
- Account with First National Bank
Making a Deposit:
1. Scan checks from any desktop - Using a desktop check scanner, simply scan both sides of the checks in a single pass.
2. Prepare the deposit - View images of the scanned checks right from your PC. The dollar amounts for the checks are automatically read and the deposit is totaled.
3. Electronically send deposit to the bank - Click SUBMIT DEPOSIT. The deposit is sent to the bank through a secure Internet connection.
4. Funds are deposited into your account - Funds may be available sooner than traditional deposits.
- FAQ
What is Merchant Capture?
Merchant Capture utilizes a desktop scanner that connects to the merchant's PC and the Internet. With it, they can scan checks received from customers and issue deposits electronically to the bank anytime, day or night.
It's the fastest way to turn check deposits into cash. Merchant Capture technology is available as a result of Check 21, which was passed in late 2004. This legislation encourages the electronification of the payment system by making a check image, and a substitute check, the legal equivalent of the original paper check.
How does Merchant Capture expedite funds availability?
Electronic deposits using Merchant Capture eliminate the need for clients to physically deliver checks to the bank, and can extend the deposit window beyond traditional banking hours.
Once received by the bank, electronic items may be processed quicker.
When can electronic deposits be issued to the bank?
Businesses can transmit electronic deposits to the bank 24-hours a day, 7-days a week, even on weekends and holidays.
The bank's business day for processing electronic deposits may also be extended.
What types of checks can be processed through Merchant Capture?
- All personal and business U.S. checks and Postal money orders can be processed through Merchant Capture.
- Checks from Canada and other foreign countries must be deposited traditionally.
- Savings Bonds must also be deposited traditionally.
Is Merchant Capture the same product that retailers are using at the Point-of-Purchase?
No. Many retailers are using a product referred to as P.O.P. that produces an ACH debit and truncates the check.
Merchant Capture scans the physical check and creates an image that is electronically transferred to the bank with the deposit.
How Secure is Merchant Capture?
Merchant Capture features multiple layers of security including password protection, Internet firewalls, and 128-bit encryption, the highest level of security available.
How do customers prevent checks from being scanned and deposited twice?
The software has a built-in tool that detects items already captured. If the software detects a potential duplicate check, an alert prompts them to make a decision about the item in question.
How do customers know if the image quality is acceptable?
The software has an Image Quality Assessment (IQA) tool that automatically identifies checks with missing or unreadable fields.
Who typically uses the system?
Individuals already in charge of manually preparing and delivering deposits are typically the end users of Merchant Capture.
What do I do with the original paper checks after scanning & making a deposit?
It is recommended that the original checks be securely stored for a period of time as directed by the financial institution, usually a minimum of 14 days or longer.
Guidance for proper handling of original checks is provided to the merchant in the User's Starter Kit.
What do businesses need to use Merchant Capture?
- A PC with a current version of Microsoft 2000 or XP and a USB 2.0 port.
- A supported desktop check scanner and software.
- A high-speed Internet connection.
- An account with FNB
If you have questions, please visit our Help Center, or contact us for assistance.
