Proof and Balancing - Answer✔️✔️-Proof = encode. Balance to deposit ticket.
Encode amount and missing MICR fields. Correct customer errors as needed, and
balance the transactions.
Clearing (including ACH Conversion) - Answer✔️✔️-
Bulk File - Answer✔️✔️-filing and temporary retention system. Process occurs at
end of day after capture, balancing, and posting. Still may be required for
customers with special statement requirements.. Resort any physical items for
statement rendering.
Posting - Answer✔️✔️-On us items get uploaded into internal systems while transit
work gets ready for dispatch. Part of end of day process. Send all information
about items processed that day to DDA system to attempt to post to customer
accounts. Deposited credits and onus checks.
Reconcilement - Answer✔️✔️-
Bank Settlement - Answer✔️✔️-Facilitates the exchange of FUNDS between banks
for the value of cash letters sent and received. Remember that under Reg CC you
are making a warranty that all settlement will accurately reflect the actual value of
the items sent and received. Multiple presentments and added clearing channels
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