e-Lockbox
Accelerate Accounts Receivables, Convert Checks to ACH Transactions
NCFS offers two ACH solutions for mailroom or office check conversion: Mobile
Scan and Bullet Scan. With Mobile Scan, the solution
is browser-based allowing a company to utilize a standard Mag-Tek or RDM scanner
to manually feed checks into a device for conversion and ACH processing. With
Bullet Scan, the second solution is an enterprise application supporting
a variety of high-speed devices that facilitate automated feeds for clients
that receive substantial volumes of checks. Either of these solutions may be
processed by either a designated ACH processor or a client's own financial institution.
Product Descriptions
ACH Mobile Scan - low volume
accounts receivable conversion. Utilize a Mag-Tek or RDM image device to
capture checking account information, payment remittance data and images to
be stored and processed.
Features:
• Captures MICR information and images
• Images may be stored locally or with ACH Commerce
• Supports automated capture or keying of payment remittance data
• Supports ARC, RCK and POP standard entry class codes
• Supports conversion of up to 200 items per hour
• Analyzes routing number to ensure that check may be converted to ACH
• Provides multiple levels of security
• Powerful query capabilities
• Extensive reporting functions
• Ability to easily Import/Export data
• Supports loading of return and NOC information
• Allows re-initiation of transactions returned for NSF or Uncollected
• Swap table permits automated correction of items at conversion
Benefits:
• Eliminates the preparation of paper check deposits
• Faster notification of return items, two days versus 7-10 for paper
items
• Electronic items post before paper, putting you at the front of the
payment line
• Automates posting of accounts receivable
• Reduces operating cost
• Streamlines the reconcilement process
• Check images provide an audit trail to address reconcilement or customer
service inquiries
• Routing number validation and swap table capabilities reduce administrative
return items
• Items returned for NSF or Uncollected can easily be re-initiated through
the same system
• Transaction and payment history can be accessed easily
ACH Bullet Scan
- high volume conversion of accounts receivables. NCFS’s
enterprise SQL application supports check conversion and remittance capturing
for clients that process substantial volumes of checks. This solution can utilize
a variety of image and capture devices such as Panini, BancTec, NCR and Unisys.
With the multiple output options supported by this solution, we give our clients
the choice of processing their transaction through a designated ACH processor
or through their own financial institution.
Features:
• Captures MICR information and images
• Supports collection of remittance data from barcode information contained
on payment stub
• Supports collection of remittance data via OCR of the payment stub
• Images are stored locally on the SQL server for future access
• Supports ARC and RCK standard entry class codes
• Supports conversion of up to 2500 items per hour
• Analyzes routing number to ensure that check may be converted to ACH
• Provides multiple levels of security
• Powerful query capabilities
• Extensive reporting functions
• Ability to easily Import/Export data
• Supports loading of return and NOC information
• Allows re-initiation of transactions returned for NSF or Uncollected
• Swap table permits automated correction of items at conversion
Benefits:
• Eliminates the preparation of paper check deposits
• Faster notification of return items, two days versus 7-10 for paper
items
• Electronic items post before paper, putting you at the front of the
payment line
• Automates posting of accounts receivable
• Supports automated high-volume throughput
• Reduces operating cost
• Streamlines reconcilement process
• Check images provide an audit trail to address reconcilement or customer
service inquiries
• Routing number validation and swap table capabilities reduce administrative
return items
• Items returned for NSF or Uncollected can easily be re-initiated through
the same system
• Transaction and payment history can be accessed easily
All information contained on this website is copyright NCFS, Inc. 2010. All rights reserved. Questions or comments regarding this site, please e-mail us.
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