Source: Trintech Group
Trintech Group Plc (Nasdaq:TTPA), a leading provider of transaction reconciliation and payment infrastructure solutions, today announced the release of I-TRACS 5.0, the latest version of its tracking, research, adjustment and collection application.
The release extends existing capabilities to help customers increase the accuracy and profitability of their collection efforts. New functionality improves collection item processing, increases efficiency, and enhances security.
I-TRACS 5.0 continues Trintech's emphasis on ease of use and improved user productivity, including more flexible options for setting item types, which eliminates the potential for users to forget keystrokes. Also resulting in more efficient item processing is added functionality that improves the relaying of incoming and outgoing special instructions.
Domestic collection items can average over $10,000; frequently, items are six figures. I-TRACS' security enhancements provide the necessary controls to mitigate risk - the modification of values, or the switching of accounts. New security features include the ability to block multiple logins for a single operator ID, and an enhanced sessions screen, which allows supervisors to see what users are logged into the system and what each user has locked. With the new interface, supervisors can quickly analyze user activity logs - managers will have increased visibility into what their users are doing.
"For over 20 years, Trintech has provided I-TRACS systems to major U.S. and Canadian banks and savings institutions to help them reduce manual effort, improve collection item processing, improve security at the user level and provide reporting on collections for multiple banking entities from a central location," said John Harte, General Manager of Trintech Funds Management Division. "This new release marks a significant anniversary - the I-TRACS collection system has been in the marketplace longer than any other similar product. And, it continues to be the most favored solution for banks that want to better manage their multi-million dollar draft business."