Remittance Processing Retail Using Coupons

All My Papers has a suite of products that provide a solution for Remittance Processing.

Now, process checks, payment coupons and remittance documents with one pass scanning using any scanner at a low fixed cost.  With the All My Coupons option, you can now have fast and accurate check and payment coupon detection, reading and extraction with reasonable licensing costs.

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Issue

Lockbox service providers (both wholesale and retail) also have a problem in which payments are not only sent to the lockbox address but delivered to field branches or even misdirected to corporate addresses. These payments are defined as “stranded payments” and before affordable RDC, they had to be physically redelivered to the central lockbox processing center. Now with RDC these stranded payments can be captured remotely and sent electronically to be processed at the lockbox centers. Any associated non-check documents can be scanned and sent as well. This speeds up the collection process for these items while reducing transportation and remote handling expenses.

Solution
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Contact All My Papers to automate Check Image Cash letter (ICL) file processing.