Remittance processing

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