The Check Image Processor (CIP) is designed to import checks and other bank slips, that have been converted into an electronic format, into the system. Most businesses create electronic images of these items by passing them through an outside image capturing device, such as a sorter.
Image capturing devices are capable of reading the indexing information from the magnetic code (MICR), on the bottom of each image, and storing that information in a data file, along with the scanned image. In the case of a check image, the magnetic code is the group of numbers at the bottom of the check that usually includes the account number, check number, branch, and others. The information included in the MICR line is controlled by the business.
Once the checks have been converted to electronic format, the check image file is evaluated by a Check Image Processor. The processor identifies each check image, as well as the financial information associated with each image (in other words, encoded in the MICR line) and stores these images in the document management system's database.
When the document management system's database is created, specific document type groups, document types, and keywords are pre-configured for check processing. These include Checks - On Us & Related Images and their associated document types, and Checks - Transit & Other Images and their associated document types. The following Keywords are also pre-configured for the database:
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Account #
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Check Serial #
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Check Amount
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Transaction Code
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Check Sequence #
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Check Consecutive #
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ABA
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Transaction #
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Position44
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Run #
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Debit/Credit Type
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Returned Item Indicator
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Teller #
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Control Document Type
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Killed Indicator
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Image Only Indicator
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Account Type
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FI ID
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Business Date
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Institution #
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Site ID
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EPC
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Exception Code
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Stub Amount
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Batch #
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Work Mode Code