Foreign check-clearing provides additional service value to existing and potential customers, while also improving your revenue stream.
Automate your clearing process with digital remote deposit for CAD checks to significantly reduce time and costs, while increasing security.
Let your personal and business account holders tap into the global economy by allowing your clients to deposit foreign check items.
Partner with CXI to gain these additional services while lowering the costs of clearing foreign checks through your institution.
Smart Check Identification
An exclusive feature designed to automatically detect if a check should be processed on Collection or as a Cash Letter based on the bank’s predetermined thresholds.
Removes the user’s need to identify the classification of the foreign item themselves, reducing errors while processing the check.
Avoids delays in payment of checks due to errors.
White-labeled check-clearing interface.
Customized cash letter and collections thresholds.
Maintain a pre-approved customer database to allow threshold overrides.
Export and import integrations are available to and from core banking software.
Integrated shipping with live tracking of check items.
Live email notifications for transaction status updates.
Compliance Built At Its Core
Wide variety of user roles and permissions.
Customizable and "build your own" compliance reports provide access to view detailed information.
Export reports to common file types.
Live OFAC screening on designated and designated fields.
Digital Remote Deposit For Canadian Checks
New solution for financial institutions to clear all foreign checks drawn on Canadian financial institutions.
Faster, safer, and more secure way to clear Canadian checks.
Streamlined processes means less labor and resources.
Reduced processing time to clear checks.