P&H's wcmVirtualBranch complements a full array of online cash management functionally, such as ACH & Wire origination, reporting, and reconciliation, with the benefits of remote check processing. This industry-leading combination of Web Cash Manager and Storefront Partner RDM's Image and Transaction Management System (ITMS) allows financial institutions to give their clients the convenience of complete payment processing right from their desktops.

"P&H's wcmVirtualBranch will allow our business customers to easily scan any form of payment for deposit, including consumer and business checks, money orders, travelers checks, and remittance coupons directly from their desktops and will let them automatically update their accounts receivable systems," said William Wray, Chief Information Officer of Citizens Financial Group. "Our initial marketing efforts have produced strong demand for this new capability and our belief is that it will be adopted by businesses of all sizes in the near future."

wcmVirtualBranch is an electronic check processing platform that is innovative and flexible to meet the complex needs of a financial institution’s processing requirements for check image capturing, either check truncation (IRD) and/or conversion (ARC and POP). The system is scalable to meet multiple presentment environments, including centralized lockboxes and distributed locations. In addition, wcmVirtualBranch helps meet the needs of business customers by reducing costs and increasing efficiencies in their check processing environment.

"Citizens Bank is well known for providing exemplary service to its diverse customer base," said Ralph Dangelmaier, President of P&H Solutions. "P&H wcmVirtualBranch will help continue this tradition by providing business customers with the ability to conduct banking activities on a 24X7 basis without having to travel to a branch or ATM. This should prove to be quite attractive to businesses of all types."