Endpoint Exchange Adjustments
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Adjustments are a costly, labor-intensive function for financial institutions. Since Endpoint Exchange eliminates missing/free and listing/recap errors, and provides source and target sequence number tracking, the need for source of receipt requests is eliminated. The only adjustments generated or responded to will be for traditional encoding (image amount proofing) errors, duplicate items, and Image Quality Assurance (IQA).. Duplicate adjustments, which sometimes occur in paper-based clearing when depositing, paying, or intermediary processors simultaneously discover the same error, no longer occur. Endpoint Exchange prevents duplicates, resulting in driving down costs, eliminating errors, prioritizing cases, speeding up decisions, reducing float and optimizing the workload.
Endpoint Exchange is tightly integrated with the NCHA’s Internet adjustments feature, allowing X9.37 interface customers to initiate and respond to adjustments electronically through the NCHA Web site