All image exchange networks dramatically reduce or virtually eliminate float as compared to paper-based cash letter services. However, per item fees and monthly minimum charges vary widely between service providers. Because the OnWe Network is deployed by overlaying existing correspondent settlement and processing networks, OnWe Network Hosts are positioned to offer clearing services at very competitive pricing. But there is more...

With the OnWe Network, each Community Host can customize the routing of their cash letters to meet their unique clearing patterns. They are not locked into dealing with a predetermined item processing or data servicing provider. The member is in control and can make changes at any time.

Since the Host aggregates the item volumes of all members, they may be able to negotiate lower clearing rates than individual members.

Some institutions have legacy internal or customer processes that make a full investment in image technology difficult to independently justify and manage. The technology on which the OnWe Network is based is completely scalable and cost effective for even the smallest community institution environment, and the OnWe Network technical staff provides the in-depth knowledge of image check processing necessary to complete a successful implementation.