Diebold Eras has developed one of the most advanced and comprehensive check imaging and item processing solution on the market today, Diebold Eras iPOD . This system, combined with Diebold Eras iReturn, iPOD.Xchange, iPOD.Branch, ImageEIP, FastIRD, and iCheck, any institution will be able to handle all aspects of full image processing under Check 21.

Diebold Eras offers custom fit software, hardware and service offerings to fit any bank. From total outsourcing to complete in-house solutions, Diebold Eras can provide the optimal return on your investment in imaging. Diebold Eras also offers a unique hybrid of in-house software & hardware with on-call remote Diebold Eras proof service. One phone call can expand your item processing resources instantly for high volume days and as comprehensive backup and disaster recovery.

The impact and benefits of Check 21 are far reaching and significant.

IMPACT

Authorizes substitute checks
Does not mandate creation
Does require acceptance
Does not authorize ECP or image exchange
ECP and image exchange will be by mutual agreement only
Protects receivers of substitute checks
Warranties
Indemnities
Expedited re-credit (consumer claims only)
Requires consumer disclosures

BENEFITS

Removes legal barriers to truncation
Reduces dependence on physical transportation
Encourages (but does not authorize) check electronification
Retains customers' ability to receive cancelled checks
Positions banks to provide new and improved services to customers