Wisconsin Firm Launches Affordable, Innovative Check-Depositing Technology

iStream Imaging, a financial technology company, has announced the introduction of its affordable, innovative remote deposit capture (RDC) software, iStream Deposit that enables commercial businesses to easily and quickly deposit and clear checks. The technology allows businesses to scan incoming checks on-site, and transmit scanned images of checks electronically to their banks, rather than making daily deposits of paper checks.

iStream Deposit streamlines the commercial check deposit process, allowing for immediate deposit creation any time of day. Checks are scanned from any location into an image, which is then processed and deposited electronically, to any bank, through a secure internet connection. Deposits are quickly reviewed, flagging rejected items, and valid deposits are posted within hours. 

In addition to significantly reducing the time spent waiting for checks to clear, iStream eliminates check encoding and rising courier fees, reducing costs and saving time. It gives businesses the flexibility to bank with the institution of their choice, regardless of location. The new technology also provides tools for easy reconciliation such as, standard and custom reporting, access to business data and exporting capabilities all available online for quick access anytime. For businesses that receive payments by check, iStream Deposit is a complete solution to fast deposits and streamlining the back office while reducing labor and other unnecessary costs.

“Today’s businesses demand – and deserve – technology that makes their jobs faster and easier,” said Fred Joachim, President of iStream Imaging. “iStream is adaptable to, and ideal for, almost any business that collects most of its receivables through checks and/or credit cards – service industries, high-end retailers, manufacturing, skilled trades, mail- order companies ... in a nutshell, any business that makes runs to the bank at the end of the day with a stack of checks to deposit.”

iStream Imaging ’s group of nationwide distributors offer demonstrations of the equipment and software, which can be conducted in person or remotely with high-speed internet access. In addition, the company will be offering seminars for interested businesses to see the ease, convenience and speed of the product at its new location at 13555 Bishops Court, Suite 102, in Brookfield. For more information, contact Robin Ferrari, New Business Development, at 262-432-1574, or visit http://www.istreamimaging.com.