OnX
Web-based image exchange solution for correspondent banks and other financial institutions with respondent customers, that allows interchange of image cash letters.
OnX facilitates a powerful connection to your correspondent institution. It allows your financial institution to easily and efficiently manage the back and forth flow and distribution of image cash letters. Information is qualified, aggregated, and forwarded to the Federal Reserve or other settlement point on time every time. With OnX, the correspondent institution can operate at a more advanced level servicing more customers while reducing operational costs.
What It Does
Reduces paper, cost, and effort.
Provides an intelligent routing engine for least-cost settlement.
Provides same-day funds availability.
Streamlines workflows for efficient processing.
Delivers either an in-house or ASP solution, based on your needs.
What It Does For Me
Helps to generate additional revenue with same-day funds availability.
Reduces costs via least-cost settlement.
Upfront image assurance reduces the cost of returns.
Helps to reduce per-item correspondent processing costs.
Reduces your investment, as our hosted network allows you to pay as you go.