RemitPlus brings the bank teller into the office by automating paper item processing putting our customer in the driver’s seat for electronically managing, depositing and archiving all of their payment history. Electronic check depositing reduces trips to the bank and a deposit slip. Once checks are scanned, reviewed and batched an electronic file transfer (EFT) is transmitted for processing through ACH and more. The RemitPlus software is pre-programmed with rule sets established to handle each check, NSF or fraudulent item creating a completely automated and seamless process. Funds are available up to 50% faster than with regular paper transactions enhancing our customers’ float, and cash flow. Researching payments and checks just got easier too. Look up and view any check image or payment instantly.
Benefits - Reduces float and increases cash flow
- Image archive of checks and payments
- Increases on-time collections
- Lowers check processing fees
- Cuts manpower costs by 50%
- Next day notification on NSFs
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