Symcor
 
 

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Symcor manages more than 5,850 lockbox accounts.
 
 
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Today we manage more than 70% of Canada's cheque processing business. Our cheque processing services provide quick and accurate item processing from receipt, to proof, to image capture and posting of standard cheques and payment instruments.

Mail and Distribution – We receive and track branch courier bags, and sort and redistribute all items. Our established network of centers and reliable courier routes ensure cheques and documents arrive at the right place and on time.

Pre-capture Services – We perform accurate, high-speed magnetic ink character recognition (MICR) proof and encoding of un-encoded cheques and other financial documents, with pre-screening of items as required.

Capture – We capture data of cheques and other paper deposit information and forward client transaction data electronically for posting to customer accounts. An image of the item is archived for record retention and further services. Other deposit items and clearing data are prepared for exchange with other financial institutions.

ATM Deposit Processing – Symcor verifies ATM envelope transactions, including deposits to customer accounts and payments to the bank or other third parties. In this process, each document related to a transaction is imaged, archived and balanced to your electronic transaction detail files.