MSI Introduces Check 21 Image Exchange, Direct Settlement Services

OKLAHOMA CITY – Myriad Systems Inc, a developer and provider of transaction, document and statement processing and mailing distribution services and software, has launched its MSI DirectPresentment.com check image management system. MSI says the new product bypasses or even eliminates the networks that so many Check 21 systems depend on, consequently allowing direct image exchange between individual institutions. MSI DirectPresentment.com is a totally redundant secure Internet site that allows financial institutions of all sizes to directly swap check images. It has the ability to convert or accept any image format. Account holders on the system can exchange financial institution-to-financial institution without the extra layer of costs, added software and hardware and other digital image exchange networks required. MSI President Shaun Riney said MSI DirectPresentment.com “is the solution to connect the credit union and community banking systems, giving them the opportunity to be as forward thinking, data secure and technology driven as the largest institutions.”