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Payment Processing
Digital Payment Processing will automate the data entry of account receivables through the use of a desktop check scanner and software that captures information from payment coupons and checks.
SCAN - BALANCE - POST & DEPOSIT
Time is money...automate it.
How does it work? The checks and payment coupons are stacked by transaction and fed through the scanner for imaging and information capture. The system uses MICR, CAR?LAR, ICR, OCR, and/or Barcode to recognize data. This data is then used to populate the required fields for the accounting system and to create the electronic deposit. MI Payment Processing can detect check boxes, compare fields, verify presence of data in fields, and invoke actions based on information read. If there is information on the payment coupon, MirrorImage Payment Processing interprets the data and takes action based on the defined requirements.
The transactions are balanced and exported into files formatted for importing into your account receivables system and for electronic depositing to your bank.
If you busines uses payment coupons, you can benefit. Whether you are a government agency, utility, insurance, credit card or property management company, medical or dental office, service company or any type of business that hand or batch posts, we can demonstrate an affordable, quick, and easy solution to significantly reduce the time and costs associated with payment processing.
The MirrorImage system can be configured to handle several different item processing environments including (but not limited to):
- · Remote Deposit System
- · Proof of Deposit System
- · Branch Capture System
- · Power Encode
- · CAR/LAR (Courtesy Amount Recognition / Legal Amount Recognition)
- · Federal Reserve Image Archive System
- · Back-End Check Imaging System
- · Microfilm Replacement System
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Click here for Check 21 Brochure
Click here for check scanners
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