Chexar takes pride in its client relationships and the service we provide to them above and beyond our contractual obligations. Therefore we do not take it lightly when we bring other companies in to provide specialized services for our clients. However, we believe that we can better serve our clients needs in some areas by partnering with leaders in specialized fields.
Because we are bringing them in, our clients can feel comfortable that we have scrutinized and tested their solutions before we call them partners.
Nexxo Financial Corporation was founded in 2004 on the principle of bringing fair and transparent pricing on everyday financial services to the underbanked. To fulfill on its founding vision, Nexxo has established the pre-eminent network of multi-function financial kiosks. In partnership with Chexar, Nexxo recently launched the first full service check cashing kiosk in the marketplace. This is the first self-serve kiosk capable of cashing any check using any form of ID. Underbanked customers can now cash checks, send money, pay bills and purchase domestic and international top ups all at the same kiosk. Today, Nexxo is a trusted partner to major U.S. retailers, processing transactions through over 1,000 points of presence, to over 20,000 end points and billers across 16 countries.
Chexar is the leader in the check cashing industry for its ability to except all types of checks and significantly increase the check volume of their clients. This increase often creates the need for more efficient deposit and reconciliation processes and is the primary function of CPI’s Check 21 solution. In recognizing what Check 21 functionality does to enhance the overall productivity and effectiveness of their product and because of the interest expressed by their clients, Chexar selected CPI as its Check 21 provider. The ability to process all check types through the banking system in conjunction with a comprehensive back office end of day deposit, reconciliation, reporting and information management system make Chexar and CPI a formidable alliance. In addition, the solution is bank neutral, meaning Chexar’s clients always determine which bank receives their deposits. Other benefits include quicker clearing times, and accelerated cash flow, faster notification of returned checks, and item exception management.
The Chexar’s application already captures the check image during the check validation routine. Images and data are securely forwarded through an API interface. Check 21 pre-deposit quality assurance is performed on every item at CPI’s processing center and a Federal Reserve approved deposit file is submitted for clearing and settlement, at which time all check data and check images are available on-line. This process is highly reliable and effective at identifying and correcting check reading errors, thereby significantly reducing costs associated with managing exception items and rejected images.
Specializing in U.S. Bank Secrecy Act, USA PATRIOT Act and anti-money laundering consulting services and support activities for money services businesses and community banks. Our Independent Reviews for MSBs also cover compliance with State regulations pertaining to their financial service offerings.
Cachet Financial Solutions is a leading provider of mobile deposit capture (MDC) solutions for financial organizations and their customers. Their industry-leading platform has been designed to simplify the process for delivering, implementing and servicing MDC. In partnership with Chexar, Cachet can provide an end-to-end mobile check capture solution. Cachet’s mobile check capture solution utilizing Mitek’s IMagePROVE™ technology allows consumers to load checks onto their prepaid card using their camera-equipped smartphone or tablet. Cachet’s mobile check capture application is convenient and simple to use, allowing for quicker access to funds on their reloadable prepaid cards.
