Cheque & Remittance Processing
BancTec’s cheque and remittance processing solutions optimise payment processing tasks by totally eliminating manual sorting and data entry tasks.
One single integrated process can be applied to every payment and validation, and acceptance checks are performed to ensure accuracy and legitimacy of each payment. Not only does this lead to accelerated processing, it enables customer service enquiries to be handled immediately, online, providing increased customer satisfaction at a lower cost.
Cheques and remittances are processed using high volume BancTec transports, which capture the document image and extracts key data electronically using advanced recognition techniques. Many thousands of payments can be processed on a daily basis, requiring little or no manual intervention. Once captured, payment data is sent for transaction booking and the images are typically routed to an archive for long-term storage. Our payment processing solutions also offer intelligent fraud detection modules, which identify any suspicious documents.
