Payments! features

Payments! handles bar-coded and numeric payment coupons and accompanying checks, as well as partial/full payments. Payments! provides financial data mangement for accounts receivable, and allows you to simplify, automate, and accelerate coupon payment processing.

Checks and payment coupons (customer number) are scanned by specialized high-speed check scanners at up to 80 checks or coupons per minute. One scanner operator can supply three or four reconciler workstations. Images are stored on disk for later retrieval if questions arise, and for immediate answers to customer inquiries. Database inquiry can be hot keyed to allow seamless access to images from a mainframe terminal screen.

What does it do? Payments!

• reads identification numbers on coupons, whether bar-code or OCR
• identifies customer number, amount due
• specifies "paid in full" and "amount not matching" transactions
• files both coupon and check image for operator review and storage
• records payments quickly, easily, automatically
• updates to mainframe accounting
• confirms batch for deposit with "calculator tape" reconciliation
• provides on-line viewing of checks and customer numbers
• reads bar-codes, OCR-A, and OCR
• verifies MICR with OCR
• allows instant look-up of records
• links with hotkey connections to mainframe resources via terminal emulator, or to other desktop applications
• supports record retrieval by a variety of indexes, with SQL query tools available, as well
• uses "trainable OCR" to ensure that your documents can be read with high accuracy, and also guarantee that numbers such as "1" cannot be mistaken for a letter (such as "l'')
• allows you to create scanning templates for handling different client coupons
• sends and receives data and images

How does that help you? Payments!

• automates input
• minimizes operator error
• reduces staff time and personnel
• provides for rapid answers to questions
• enhances cash flow with rapid deposits
• speeds answers to payment inquirie
• reduces processing steps

See also

• check imaging, Check 21, ACH access, payment processing, and back office conversion - a fundamental change is occurring in the world of checks, for both businesses and banks. Learn more about the changes that are here, and the ones that are coming.
• scanner choices - one- and two-sided imaging, single-feed and batch scanning. Digital Check. Canon. Magtek.
• ChekScan suite of products - large- and small-scale check imaging solutions; remittance processing tools
• software/feature checklist - which ChekScan software product best meets your needs? our checklist can help you decide
• ChekScan testimonial - Digital Check thinks highly of our products; see why
• faqs - questions about remittance processing
• TAXMANager - coupon payment processing for county governments