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RFA 210 -006 deposits. The Desktop Deposit service is a proprietary, end -to -end electronic depository solution delivered via our award - winning Commercial Electronic Office portal. How Desktop Deposit Works k.•', vp ',f a Hr,n n .ua: '�h. eo :1• i.it,t i� I ii �.,.4} ,,,,. Ft ,ui r i. I ir,i rli. ., 1 '�.�i m.r:i•ti Some of the benefits of using the Desktop Deposit service to deposit electronically include: Affordable, simple setup: Other than the driver that runs the scanner, the Desktop Deposit service requires no software to be loaded onto your PC. Wells Fargo is the only bank to offer this solution entirely via the Internet. And because the service is delivered via the CEO portal, upgrades and enhancements are delivered instantly. Extend deposit windows and improve cash flow: Later deposit cut-off times (9:04 p.m. CT) allow you to get additional checks into your day's deposit and receive ledger credit. Improve speed and accuracy by reducing the number of items manually keyed by your operators: Using CAR /LAR (Courtesy Amount Recognition /Legal Amount Recognition) technologies, the Desktop Deposit service predetermines the amount of your checks — allowing your operator to simply review the items. Checks are cleared via one of two available channels: Check 21 Processing. We will clear the checks via image exchange or as an Image Replacement Document (IRD). There are no restrictions on check eligibility —all U.S. checks can be cleared in this manner. No special customer notification is required to convert the items. Check Conversion Processing. Our Smart Decision service processing determines whether to process each item as ACH or Check 21. It uses the powerful intelligence of our ACH system to determine if the item can be converted to an ACH debit. Please note that in order to do check conversion, you must first notify your customers using a notice modeled on the new Federal Reserve requirements. Then you must support an opt -out option. We make that easy for you. We created another Commercial Electronic Office portal application called Deposit Maintenance. To maintain your customer opt out database, you can either manually enter the customer's information or upload an Excel spreadsheet. Desktop Deposit Updates. Our Desktop Deposit service has recently been updated with five new features that make it even more user - friendly: Quick Data Quick data simplifies the data capture process by automatically recalling previously entered receivables data titled Customer Name and /or Customer Number.