In 2004 Congress passed the Check Clearing for the 21st Century Act (Check 21) removing the barriers to electronic check processing. It allowed for checks to be electronically scanned and money to be moved in a matter of hours instead of days. With the RemitPlus System the days of manual paper processing and deposits are over. Check image capture from RemitPlus scans each check front and back for easy viewing, archiving and payment research. Using OCR and CAR/LAR technology, checks are endorsed, scanned, recorded, posted and archived. Scan and record from 180 checks a minute to 200,000 checks per day with this expandable software choice. Data is available in multiple formats to update your accounting system and ACH transactions are performed seamlessly crediting your account while debiting your customer accounts. RemitPlus accelerates cash flow in all types and sizes of businesses and organizations.
Benefits - Saves time and increases accuracy
- Verifies, endorses and images checks
- Handles any exceptions
- Automatically updates accounts receivable
- Electronically deposits via ACH
- Scales easily as volume grows
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