Re: Deposit Verification products

Steve,
 
It is about the bank you are doing business with, not about you as a customer 
of that bank.
Giving your need it is possible that you have to switch bank here and there to 
banks that can meet your requirement and can send you your required 
transactions for your accounts.
A other possibility is Internet banking. If the banks you do business with have 
Internet Banking you might be able to download the transactions.
Although they are normally a day behind (.....) it could help you to get the 
needed information although most probably in different formats.
 
We our self do business with large (and not that large) banks and provide 
(International) Payment-systems and Internet-banking to them (100% 
iSeries)(Alchemy Payment Suite from http://www.ibis-management.com/) and yes we 
do process Swift Messages.
For one of them we receive MT940 for customers that also have accounts at other 
banks (the other banks sends the MT940 for the customers account to this bank) 
and we present these statements/transaction as 'Third Part Accounts' in our 
Internet-Banking solution. As a result their customers can see the status of 
all their accounts just by logging on to ONE banks website.
 
Kind regards,
Eduard Sluis.
 
----- Original Message ----
From: Steve McKay <steve.mckay@xxxxxxxxxxx>
To: midrange-l@xxxxxxxxxxxx
Sent: Monday, March 5, 2007 10:34:26 AM
Subject: Re: Deposit Verification products


Do you know of any vendors with software that processes Swift messages? 
While a bank in Cleveland, Ohio might be doing international payments, the 
bank that we use in Cleveland, Mississippi probably doesn't.  Given that we 
are not an international company and are unlikely to ever be an 
international company, I'm not sure how relevant this suggestion may be.

Thanks,

Steve

<eduard@xxxxxxxxxxxxxxxxxxxxxxx> wrote in message 
news:mailman.8339.1173099992.2713.midrange-l@xxxxxxxxxxxxxxx
Steve,

If these banks are Banks and they make use of real banking systems... they 
normally are able to generate MT940/MT942 Swift Messages.
MT940/MT942 are account statements and should reflect all movements on your 
account. This format is by far more current than the strict USA BAI format 
because al banks doing international payments will need to be able to 
generate this format.

Regards,
Eduard.

----- Original Message ----
From: Steve McKay <steve.mckay@xxxxxxxxxxx>
To: midrange-l@xxxxxxxxxxxx
Sent: Friday, March 2, 2007 2:54:40 PM
Subject: Deposit Verification products


We have many stores, mostly in small towns, and are looking for a way to
validate that what the store tells us was deposited to the bank at the end
of the day and what the banks says was deposited are the same.  We have a
file that contains what the store says they deposited but, since the stores
are in small towns, we need a way to collect the information from each bank.

We are currently receiving what's known as a BAI file from our 10 largest
banks, which accounts for approximately 1/3 of our stores.  What we are
looking for is a vendor that can take those 10 banks plus the other 200 or
so banks that we deal with and generate one file containing all of the
information from each store.  Is there anyone out there with multiple
locations, using multiple banks that consolidates their bank information
into one file?  What software or vendor do you use?

TIA,

Steve