19 September 2017
Visit http://response.ncr.com

ProfitStars introduces Remit Central

19 April 2012  |  2020 views  |  0 Source: ProfitStars

Jack Henry & Associates, Inc. (NASDAQ:JKHY) ProfitStars® division today introduced RemitCentral™, a solution that complements its RemitPlus Remittance/Lockbox solution by enabling seamless processing of payments from a variety of sources.

RemitCentral enables both electronic and paper payments to be processed on a single platform by aggregating all payments and scanning and capturing the images of paper checks and payment vouchers, stubs, envelopes, correspondence, and coupons. It addresses the challenge shared by financial institutions and their business customers to reconcile payments from multiple sources including online bill pay providers, payment portals, kiosks, auto drafts, rebates, mobile, and mailed-in and walkup payments. This centralized processing solution links the remittance/lockbox with all accounts receivables so electronic and paper payments can be processed on a single platform without manual entry.

CoastalStates Bank recently implemented RemitCentral to offer its business customers more competitive benefits. Centralized processing is expected to save days of manual entry for business customers who elect to leverage the ACH solution. According to John W. Anderson, Jr., business banking officer at CoastalStates Bank, "RemitCentral is a great complement to our existing payment offerings. The powerful payment aggregation eases the entire process, even more than expected, and has helped us stay ahead of what our business customers demand in terms of efficiency."

RemitCentral is an ideal solution for any size institution or business that regularly receives electronic payments from multiple disparate sources. The industries served include banks, credit unions, utilities, tax offices, electric cooperatives, telephone companies, churches, non-profit organizations, insurance agencies, and property management companies.

David Foss, president of ProfitStars, commented, "As innovations in financial technologies continue to increase, the number of ways consumers can pay their bills also grows. The result is greater convenience for the consumer and stronger consumer loyalty to financial institutions and businesses. RemitCentral is a strong asset to financial institutions and businesses that continue to expand their payment options, providing them a way to consolidate processing and reconcile payments in a secure, open, and seamless manner."

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.capgemini.comvisit www.vasco.comvisit www.abe-eba.eu

Top topics

Most viewed Most shared
JPMorgan Chase chief says he would fire traders dealing in bitcoin for stupidityJPMorgan Chase chief says he would fire tr...
10520 views comments | 16 tweets | 29 linkedin
Equifax hack: Visa and Mastercard flag 200k compromised credit cardsEquifax hack: Visa and Mastercard flag 200...
10000 views comments | 6 tweets | 17 linkedin
HSBC switches on selfie payments in ChinaHSBC switches on selfie payments in China
9177 views comments | 21 tweets | 39 linkedin
Dutch bank sentences teenage DDoS culprit to community serviceDutch bank sentences teenage DDoS culprit...
8937 views comments | 6 tweets | 3 linkedin
ING moves into digital wealth management with Scalable CapitalING moves into digital wealth management w...
7383 views comments | 14 tweets | 15 linkedin

Featured job

Competitive
London, UK (or flexible)

Find your next job