Image Cash Letter Clearing
FISClearing™ allows item processing clients to realize a substantial reduction in check clearing fees. By exchanging electronic cash letters with multiple clearing partners, FISC Solutions provides its clients with reduced fees and increased funds availability.
FISClearing subscribers authorize FISC to negotiate image cash letter clearing agreements with one or more clearing partners. FISC performs settlement and cash letter adjustments on behalf of its clients.
FISClearing Solutions include:
- Periodic fee reduction to reflect increasing image exchange adoption rate.
- 100% next day availability.
- Substantial clearing fee savings.
Item Processing Solutions Include:
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