JPMorgan’s ACH Distributed Payment Capture service provides clients with an integrated capture system to allow all check payments received at their business locations to be converted to electronic data, allowing them to streamline receivables processes, reduce deposit, sweep and wire fees, and accelerate funds availability.
ACH Distributed Payment Capture is part of a suite of Check 21 Image solutions that include Image Cash Letter and Distributed Payment Capture.
Convergence of payment channels driven by Check 21 and the increased usage of check conversion applications marks the critical need for a robust Distributed Payment Capture solution that not only meets the needs for Automated Clearing House settlement, but delivers value across payment channels, said Alan Koenigsberg, vice president and Global ACH senior product manager for the Treasury Services unit of JPMorgan Chase.
