Investor Checkwriting Services
UMB Investor Solutions offers robust investor checkwriting in our suite of services, so you can expand your offerings, promote your brand through enhanced services, and ensure your support teams have access to detailed reporting and transaction history—all in a user-friendly interface.
Benefits for you and your firm
- Consolidated transaction and settlement processing ACH services
- Deposit capabilities
Benefits for your clients
- Unlimited checkwriting capability
- Access to check history and images
- Tax coding and reporting
Service enhancements for a premium experience
In addition to the standard benefits of investor check writing services through UMB Investor Solutions, additional services can expand functionality, including:
- Positive pay
- Remote deposit capture
- Fraud detection services: UMB Investor Solutions’ fraud detection system incorporates the latest technology to review check images for signs of potential fraud. This service can be customized to the needs of your firm, allowing you to determine the dollar amount and likelihood of fraud levels to review. The system also allows users to view and sort items quickly and easily.
- Signature verification: This feature uses optical character recognition (OCR) to scan check signature lines and verify them against either the account signature card or from the most recent cleared checks on the client’s account. Signatures that are flagged as questionable are submitted for further review.
- Payee line and expense coding: Enhance your clients’ reporting capabilities with UMB’s payee line and expense coding enhancement. This functionality can increase your efficiency by automatically scanning and capturing payee line data from payment checks. Scanned data is paired with your clients’ payment data, so you have a seamless payment picture. This highly accurate data management process can provide valuable check elements for use on investor statements, inclusion with transaction detail for online banking population, or serve accounting and reconciliation purposes.
UMB’s investor banking platform is a customizable dashboard to suit your firm’s reporting and operational requirements, equipped with premium features to help you streamline and expedite transactions and account servicing.