Check Imaging Glossary
Item Processing Glossary
Internal Glossary
Item Processing Software & Check Imaging Software
Item Processing
Check Imaging
Microfilm Replacements
Item Processing Glossary
Check Imaging Glossary
Check Imaging Software
Item Processing Software
All Systems Go? - As of November 5, 2004, the Federal Reserve Financial Services reported that all systems were go on
Check 21 related services. "We accept, print and present substitute checks every night, and by the end of the
month, we expect to have received our first image cash letter deposit." stated First Vice President Patrick K. Barron (Retail Payments Product Director
, Federal Reserve Bank of Atlanta). While by all reports the Fed is moving forward and service is on track to provide needed services, many were expecting the Fed to simply throw the switch Nov. 28th, 2004. Despite initial delays, customer institutions remain positive about the future and look
to take advantage of the available services, some are thankful for the delay to continue their own preparations for the change.
Back-End Check Imaging System - A process whereby the checks are turned into digital images and stored in an image database. This process allows for the exchange of check images with other banking institutions and check clearing houses.
bank capture - Usually refers to method of check processing whereby check micr data is read or the check is imaged for balancing.
bank imaging - Refers to the process of capturing a digital image of checks.
bank item - Generally any negotiable instrument such as a check.
bank processing - Refers to general item processing within a banking institution.
bank repair - Bank “repair” in item processing refers to the process of amount re-entry and balancing.
bank research - Bank “research” in item processing refers to the method of data retrieval of digital check items.
banking - The process of trading and investing of negotiable instruments.
Banking Terms - A list of terms applied to the particulars of banking.
Branch Capture - The process of capturing branch work to database. This method facilitates electronic transfer in minutes over former currier transfer.
Branch Capture System -A system that facilitates the capture of check items at an institution's individual branches. Thus allowing for real-time balancing, and posting of checks to accounts.
capture - To read or image physical items into an electronic form.
capture reject - An item or items that are generally sent to a “reject” pocket due to misread micr information.
CAR/LAR - Known as “courtesy amount recognition/legal amount recognition” A method of electronically reading a physical check or image of a check. This method reads the amounts based off of the "courtesy amount" or "legal amount" location on the item. This technology generally utilizes a form of grid matrix which checks for the presence of markings in given areas.
cash letters - A generic term used to refer to items in outgoing transit. It should be noted that one institutions cash letter can be another institution’s inclearings.
check - A standard negotiable instrument.
Check 21 - Short for Check Clearing for the 21st Century Act which allows for the voluntary usage of digital images as negotiable instruments.
check capture - The method of reading or imaging physical items into digital format.
Check Clearing for the 21st Century Act - The act that allows for the voluntary usage of digital images as negotiable instruments.
check database - A database of storage for check images.
check encode - The adding the micr information to a check. In most cases this refers specifically to adding the amount.
check endorse - The adding of a stamp to the back of a check which usually confirming process and order of the item’s processing.
check imaging - Refers to the process of capturing a digital image of checks.
check processing - The “process” of handling of physical check items and maintaining an appropriate balance thereof.
check re-entry - Re-entering misread micr data for imaged items.
check repair - Correcting misread micr data for imaged items.
check research - Refers to the method of data retrieval of digital check items.
checks - A standard negotiable instrument.
cost effective - The management of cost to profit.
Cost effective digital check imaging - A system that allows for the advanced method of digital imaging at a premium of cost to profit.
Courtesy Amount Recognition - Reading of the “courtesy amount” which is usually written or printed by the check payee in a box on the right hard side of a check.
digital check imaging - Refers to the process of capturing a digital image of checks.
encode - The adding the micr information to a check. In most cases this refers specifically to adding the amount.
endorse - The adding of a stamp to the back of a check which usually confirming process and order of the item’s processing.
endpoints - The utilization of a check sorting system during the item processing process which separates checks into pockets for special handling with an institution that is a member of a local clearing house.
Federal Reserve - The national institution which handles the management of monetary systems in the United States.
Federal Reserve Image Archive System - A method of image archiving that is compliant with Federal specifications.
foreign items - In some institutions this is an item that is from out of country. However in item processing in general it refers to items not on the current bank at which the item resides. For clarification many institutions have began using the term “transit” items.
Glossary - A collection of terms.
Glossary of Banking Terms - A collection of terms related to the processes of banking.
image - In item processing a digital representation of an actual check item.
image capture - Refers to the process of capturing a digital image of checks.
image database - A database for storage of digital images
image endpoint - The utilization of a digital check sorting system during the item processing process which separates checks into pockets for special handling with an institution that is a member of a local clearing house.
image processing - The process of handling of digital images.
imaged - An item has completed the process of capture to image.
images - In item processing a digital representations of an actual check item.
imaging - In bank item processing refers to the process of capturing a digital image of checks.
inclearings - Usually a term referring to inbound items from a clearing house such as the Federal Reserve.
in-house check - A check written on the bank where the item currently resides.
item processing - The process of handling check transactions.
jaguar - In Item processing a image Software development company which develops the latest in digital check imaging products.
jaguar software - In Item processing a image Software development company which develops the latest in digital check imaging products.
Legal Amount Recognition - The method whereby a physical or digital item is read in which the written amount on a given check is reviewed electronically and recognized.
local - In Item processing a image Software development company which develops the latest in digital check imaging products.
locals - In Item processing a image Software development company which develops the latest in digital check imaging products.
MICapture - A product by Jaguar Software designed to electronically “capture” physical items to a digital format.
microfilm - An old standard whereby items are filmed for later research. This system is completely visual based but has very limited means of tracking documents.
microfilm replacement - A method to replace older out of date microfilm machines. With newer up to date electronic imaging and imaging database technology.
Microfilm Replacement System - A system to replace older out of date microfilm machines, with newer up to date electronic imaging machines and imaging database technology.
MIRepair - A product by Jaguar Software designed to “repair” and balance item micr information after capture.
Mirror Image - In Item Processing an affordable system of digital imaging modules.
MIStatement - A product by Jaguar Software designed to process digital images into statements.
modular - A method utilized by Jaguar software to customize digital imaging systems to banking institutions.
on-us checks - In Item processing a image Software development company which develops the latest in digital check imaging products.
on-us items - In Item processing a image Software development company which develops the latest in digital check imaging products.
other items - In some banking institutions this refers to internal items. These items are also referred to as Special Apps.
POD - Proof of Deposit
Proof of Deposit (POD)- A banking procedure, sometimes referred to as an "item-by-item" policy, by which most banks assign availability to a check based on the time of deposit and contingent endpoints.
Power Encode - The method of encoding used in digital imaging systems whereby items are encoded based of micr reads matched with image database information.
Proof of Deposit System- A bank procedure of securing check availability. Proof of Deposit (POD), is a banking procedure, sometimes referred to as an 'item-by-item' policy, by which most banks assign availability to a check based on the time of deposit and contingent endpoints.
re-entry - The correction of misread micr information.
reject- An item or items that are generally sent to a “reject” pocket due to misread micr information.
rejects - An item or items that are generally sent to a “reject” pocket due to misread micr information.
remit items - This term is used in some banking institutions in regard to foreign items (Items not on the current bank at which the item resides.)
repair - Correcting misread micr data for imaged items.
research - Refers to the method of data retrieval of digital check items.
return cash letters - A phrase used to refer to items in incoming transit. See also inclearings.
return items - Items that have been rejected by the clearing house due to some difficulty in processing such as insufficient funds.
special applications - A term referring to “in-house” or “local” items.
special apps - A term referring to “in-house” or “local” items.
statement - The customer listings of transactions and or images.
transit items - Items not on the current bank at which the item resides.