Check Processing

Volume Reduction means Rising Fixed Costs

It is a common knowledge that in the wake of increasing usage of cards, ACH direct deposits, and electronic bill payments the check volume is declining rapidly: 3-8% on a yearly basis. As check volume declines the unit costs will go up dramatically mainly due to fixed costs represented by item processing centers. Many banks and other organizations processing checks in-house are now searching for ways to cut these fixed costs.

What to do in such situations

The answer to this lies in converting paper checks to electronic form as early as possible in the processing flow, which saves the cost of transporting paper checks and removes the need for large installations of reader/sorters and encoding machines. This amounts to a lot of spending in terms of technology and qualified staff to "convert" checks to electronic form. The best option for cost reduction is outsourcing check processing to partners who understand the current state of check processing, balanced with a vision for the future.

What we offer

Thomas and Alex offers quality check processing services to clients across the globe. We understand that you are new to this arena and thus we make ourselves flexible and scalable as the economics become obvious and you change your strategy for the better. Thomas and Alex is a good choice if you wish to avoid investing in state-of-the-art processing technology and increasing costs of operating and maintaining an in-house processing infrastructure and back office operations as check volumes decrease. Thomas and Alex has the staff and technology to deliver end-to-end check processing services. From receiving and capturing to archiving financial transaction data we have a wide range of back office solutions. Supported by efficient technology and networked processing centers, our environments governed by stringent security protocols.

The Team

Our qualified check processing team ensures your tight processing and reporting timelines are met and help you leverage the speed and flexibility of image technology. Our team also has experience and expertise in helping you mitigate the risk and reduce the cost of check fraud. All Thomas and Alex professionals are highly trained in making critical decisions that are geared towards producing good results not only in billing process for your company but also to impact your company's bottomline.

Outsource your check processing activities to Thomas and Alex

We understand that a the current check processing industry is a turbulent environment and as more experience and knowledge is gained decisions made on earlier assumptions may need to be adjusted. We will be there every step guiding, working and partnering towards realising your objectives.