Remittance

RemitTrac: Remittance Overview

Getting money in the bank is the lifeblood of any business. ImageScan Inc. of Lanham, Md., and its client/server RemitTrac solution make it easier and less costly for you to process remittance payments. Built entirely on Microsoft’s powerful Windows NT/2000 operating system, in 32-bit code, RemitTrac is scaleable and supports a number of check imaging transports from NCR and Unisys and scanners from a variety of manufacturers. And because it uses state-of-the-art PC-based technology, ImageScan’s remittance system is cost-effective for financial institutions, government organizations, insurers, publishers, utilities, cable companies and third-party processors. Below are some of the benefits of the RemitTrac solution:

Reduced pre-sorting.

RemitTrac seamlessly handles mixed transaction types, including full and partial pays and multiples. Built-in mark-sense detection eliminates out-sorting of change-of-address requests. You only need to sort mail into three categories: check-only, stub-only, and mixed document types.

Streamlined account setup.

No programming or added fees are required for supervisors to set multiple scanlines for optical character recognition; change encoding and endorsement layouts by deposit; define mark sense zones; and turn courtesy amount recognition off for specific accounts. RemitTrac even stores altered scanline setups in case an older document version is received.

Flexible architecture.

RemitTrac’s modular framework enables users to customize their workflow, and provides built-in redundancy along with “hooks” for seamlessly integrating additional hardware or new technologies such as electronic payment mechanisms. The system also can be upgraded to run ImageScan’s integrated wholesale lockbox solution on the same platform

Reduced training.

Since each customer’s workflow, scheduling requirements and balancing criteria are defined in their account profile, system operators don’t have to know the special processing rules for handling an account’s work. The system automatically rejects transactions that don’t match pre-set criteria. And, because the system is built in Windows NT/2000, all of the system modules use drop-down menus and point-and-click functionality.

Feature-rich design.

RemitTrac includes state-of-the-art components for producing CD-ROMs; keying-ahead in amount entry; image manipulation; data entry and scanline correction from image; courtesy and legal amount recognition (CAR/LAR); credit card payment detection; and pre-balancing authorization.

Reduced Errors and Higher Quality.

Our users also report lower labor costs.

Payment Processing Without Limits