Direct2Fed

Direct2Fed is a leading edge, high-speed solution that allows banks to send checks directly to the Federal Reserve in a Fed approved Image Cash Letter. Checks are scanned utilizing PAYTEK’s web-based software and imaging device, processed and uploaded directly to the Federal Reserve in a DSTUX9.37-2003 file prior to 8PM EST. Credits are then applied to your deposit account by the Fed.

Benefits

• Eliminate transportation costs

• All items imaged and stored FREE

• Remote Deposit System included FREE

• Ability to scan payment coupons

• Files batched for posting

• Eliminating higher clearing costs