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Endpoint Exchange. Mark Craig, general manager. Federal Reserve Net Settlement System. IPS Interface. Existing Item Processing System. Settlement Totals. Exchange Data. TCP/IP. Endpoint Exchange Client Utility. Image and Data Swap Area Directory Structure. Vendor- Specific - PowerPoint PPT Presentation
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Copyright 2003 CheckClear L.L.C.. All information contained in this presentation is proprietary and confidential.
Endpoint Exchange
Mark Craig, general manager
Copyright 2003 CheckClear L.L.C.. All information contained in this presentation is proprietary and confidential.
EndpointExchangeClient Utility
IPS
Interface
ExistingItem ProcessingSystem
TCP/IP
Federal ReserveNet SettlementSystem
ExchangeData
SettlementTotals
Copyright 2003 CheckClear L.L.C.. All information contained in this presentation is proprietary and confidential.
Vendor-Specific
InterfaceSoftware
X9.37In/OutRecon
Inbound Items
Inbound Items
Outbound items
Outbound items
Write Write
Poll & ReadPoll & Read
Your Application Endpoint Exchange Client Service
File Exchange API
Copyright 2003 CheckClear L.L.C.. All information contained in this presentation is proprietary and confidential.
Over 5,000,000 items truncated……
4,000+ Endpoints….
Copyright 2003 CheckClear L.L.C.. All information contained in this presentation is proprietary and confidential.
Depositing Entity
District RegionalCentral Exchange Server
Client
IPS / Host• Forward Collections.• Return Letters.• Adjustment Requests.• System Communications.
Archive
IPS / Host• Inclearing Letters.• Return Letters.• Adjustment Requests.• System Communications.
Paying Entity
Interface
Client
Other District RegionalCentral Exchange Servers
Web Server Desktops
• Reports.• Returns.
Internet Delivery
Copyright 2003 CheckClear L.L.C.. All information contained in this presentation is proprietary and confidential.
Forward Collections
• Seamless interface.
• Real time tracking mechanisms.
• Logs final settlement.
• Supports non-truncated accounts.
• Monitors counts.
• X9.37 support.
Copyright 2003 CheckClear L.L.C.. All information contained in this presentation is proprietary and confidential.
Returns• Supports internet delivery• Supports Respondent/Correspondent
Relationships.• Unique item type identification.• Supports 100% Deposit.• IRD Print Delivery.• Converting On-Us.
Copyright 2003 CheckClear L.L.C.. All information contained in this presentation is proprietary and confidential.
Adjustments
• Missing and Free eliminated.
• Listing/Recap errors eliminated.
• Encoding Errors.
• Source to target tracking.
• Disallows duplicate requests.
Copyright 2003 CheckClear L.L.C.. All information contained in this presentation is proprietary and confidential.
File Standards
• X9b participation.
• Follow the X9.81 XML model.
• X9.37 support:• Returns, IRD’s, Adjustments.
• FRB COF 1.4 support.
• Industry Inter-operable.
Copyright 2003 CheckClear L.L.C.. All information contained in this presentation is proprietary and confidential.
Item Level Exchange• Guarantees Delivery:
– Image Quality Analysis– Image Data Content– Presentment– Settlement
• Scalable– Distributed Server 2003 platform– National Check Volume
Copyright 2003 CheckClear L.L.C.. All information contained in this presentation is proprietary and confidential.
• Reduce Non-earning Assets.• Reduce earnings credit and interest
expenses.• Increase NSF income.• Reduce float and increase DDA balances and
short-term lines of credit.• Reduce capture expense.• Reduce return item processing expense.• Reduce research and adjustment expense.• Reduce fraud expenses.
Copyright 2003 CheckClear L.L.C.. All information contained in this presentation is proprietary and confidential.
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