Atlanta-based technology solutions provider Goldleaf Financial Solutions Inc. has released OnX, an end-to-end image exchange solution.
OnX enables correspondent banks to leverage Web-based delivery and receipt of electronic cash letter and adjustment information while automating back office functions with image-based straight-through-processing. Through OnX, correspondent banks can clear and settle checks and image cash letters for their respondents, passing along significant benefits that include clearing checks at a reduced cost and improved availability of funds.
Goldleaf developed and launched OnX after working with Bankers' Bank (Madison, Wisc.). Based on the success of that project, Goldleaf executives saw an opportunity for correspondent banks to generate additional revenue by changing the dynamics of image exchange into more efficient ways to clear checks and cash letters while creating cost savings for their clients.