Trustmark National Bank selects Fiserv for check capture and processing

This will enable the bank to replace its current, paper-based check processing system with a new technology to automate all aspects of the item-processing operation, including capture, data perfection, electronic cash lettering, clearing settlements and outputs to posting and image archive.

Trustmark and Fiserv have collaborated to identify a phased implementation approach. The first phase included deploying a centralized database for branch capture and placing image-enabled ATMs throughout Trustmark’s branch system. The second phase will encompass replacing legacy check processing and cash lettering systems and eliminating sort patterns from legacy systems. During the third phase, the legacy image exchange and external duplicate detection systems will be replaced. By using this phased approach, Trustmark will be able to compile data in one database before passing files or processes to the new system.

The multi-year agreement expands a long-term relationship between Fiserv and Trustmark. In addition to Central Source Capture, Trustmark has implemented ATM Source Capture to provide envelope-free check deposits at image ATMs. Other Fiserv solutions used by Trustmark include ARP/SMS TM for account reconciliation and the Fiserv PEP Automated Clearing House processing platform.