Forward_collection_IRD

Forward Collection Substitute Check Clearing

Receiving your image cash letter at multiple deadlines throughout the day at our central data processing center

Processing and clearing items by printing IRDs or clearing them via electronic channels

Delivering IRDs to paying banks for presentment

Providing a central, single source solution for all incoming and outgoing transactions

Liberty Processing's single source, coast-to-coast solution enables banks to meet their customers' needs while significantly reducing paper clearing costs. Liberty Processing offers a more efficient, lower cost IRD clearing solution characterized by high service reliability and a national reach. By leveraging our unique process and nationwide distribution channel, your financial institution can reduce IRD clearing costs by 15 percent or more. Our service can replace multiple regional clearing and delivery agreements with a single, coast-to-coast solution for maximum efficiency.

We deploy proven, latest-generation image processing technology and established relationships with technology and transportation partners to craft a clearing process that meets your requirements. We streamline your operations by:

Our position as a non-bank processor allows us to pass significant cost savings on to you. We help you avoid unnecessary fees while our mid-continent operational hub allows us to keep operation costs low. In addition, we offer competitive, tiered pricing through a combination of deadlines, volumes and mix-of-work.

As an independent provider, Liberty Processing responds to real-time industry problems with maximum speed and agility - and we are backed by the deep industry experience that today’s challenges require.

A Streamlined, Lower Cost IRD Clearing Process

Key Benefits

A single source, coast-to-coast clearing solution; no geographical constraints

A unique distribution channel to ensure delivery regardless of location

Increased efficiency through consolidation of clearing relationships

8:00 am presentments for same day settlement

4:00 pm presentments for next day settlement