Remote Capture
Remittance Payment Capture
A proven, mature, reliable remote deposit package
Deposit 24/7 Lockbox™ allows a remittance processor to offer internal and external customers remote payment capture and processing. Now in its third generation, the reengineered capture function improves overall efficiency and eliminates dual processes, making funds available faster for the processors' clients and eliminating mail float for retail and wholesale transactions alike.
Benefits
Capture at the customer's location
Thoroughly proven and widely deployed, Deposit 24/7 Lockbox™ creates error-free balanced deposits at an internal or external customer's location. Completed deposits and images are transmitted to the financial institution for back-office business-rule processing and clearing.
Costly steps eliminated
Automation eliminates many of the steps traditionally associated with manual mail payment processing for remittance. Results are reduced operating expenses, accelerated clearing, extended processing hours and improved exception item handling. With Deposit 24/7 Lockbox™, remittance processors can market enhanced, consolidated collection services that generate new revenue from new and existing clients.
The complete package
The product brings together automated document scanning, archive interface, substitute check production, reports, host applications and image-exchange network functions. Integrated transmission functions confirm reception of transaction data — including multiple deposits in a single day. Branding capabilities are centralized. And deposit integrity controls at the corporate location have been expanded.
Integration, for lowering costs
WAUSAU point-of-presentment architecture allows financial institutions with Deposit 24/7 Merchant™, ImageTeller™ or Deposit 24/7 Branch™ to leverage various network elements, maximizing the total cost-effectiveness of the solution.