Data Capture: BancTec Extends Payment Solutions With CheckFree Source Capture Suite/Web Capture
BancTec Inc., a global provider of advanced, high volume image capture, payment processing, and infrastructure support solutions, announced recently that it has integrated CheckFree's Source Capture Suite/Web Capture solution into its PayCourier payment processing solution under the terms of an original equipment manufacturer (OEM) agreement.
Combining the two solutions can enable PayCourier customers to accept payments at a business location such as corporate office, then send them electronically to their bank's centralized lockbox processing center. This feature can eliminate the need to re-mail payments to the processing center, resulting in reduced customer costs and accelerated processing.
"We are committed to providing extended payment processing capabilities to our customers, and the CheckFree Web Capture solution allows us to achieve that objective in a very fast and efficient manner," said Simon Fisher, vice president Global Product Services for BancTec. "Careful evaluation demonstrated that CheckFree's Web Capture has the security, ease-of-deployment, robustness and scalability necessary to merge seamlessly into our service oriented strategy for developing and deploying payment and document solutions."
CheckFree's Web Capture is a solution for businesses that would typically capture any number of items a day. It is an easy-to-use, browser-based solution offering check image capture and processing and requiring minimal software at the client site.
A key benefit of adding Web Capture to BancTec's payment processing solution is enabling end customers to capture payments over-the-counter, thus complementing their primary, high-speed capture operations. The new function can also capture exceptions and can handle "unclean" payments, ensuring that operations are streamlined and fully optimized to include workflows such as single, multiple, check and list and document capture. To ensure that images are eligible for Check 21, a fully integrated image quality control module is included within the solution.
Another core feature available in the complex payment options includes the ability to capture full pages using either a personal desktop scanner or a flow mode combo scanner, thus enabling branch personnel to key and correct information not properly read by the scanner.
"CheckFree's service-oriented solution was a great match to quickly and seamlessly integrate with BancTec's premier offering, which can significantly increase the value to BancTec's PayCourier corporate customers," said Mike Ringuette, general manager of Payments Solutions for CheckFree Software. "We are pleased that BancTec has selected our solutions to help their customers process transactions faster and reduce their costs."
"We believe this partnership with CheckFree provides the perfect complement to our payment processing and document capture solutions, such as the industry-leading IntelliScan XDS," said Mark Fairchild, senior vice president of technology and portfolio management for BancTec. "As we work with CheckFree we look forward to investigating other ways to improve our offerings."
About BancTec
BancTec helps clients around the world simplify the process of managing their information. Founded in 1972, the company provides a wide range of solutions for automating complex, high-volume and
data-intensive business processes for clients in the financial services, healthcare, manufacturing, government, services and utilities industries. BancTec's offerings include business solutions, business process outsourcing, and infrastructure services. With headquarters in Dallas, BancTec is privately owned and serves clients in 50 countries. For more information on how BancTec can help you optimize information management, visit
www.banctec.com or call 1-800-BANCTEC
About CheckFree
Founded in 1981, CheckFree Corporation provides financial electronic commerce services and products to organizations around the world. CheckFree Electronic Commerce solutions enable financial services providers to offer the convenience of online banking, and along with billers, to offer the convenience of receiving and paying household bills online, via phone or in person through retail outlets. CheckFree Investment Services provides a broad range of investment management solutions and outsourced services to hundreds of financial services organizations, which manage about $1.8T in assets. CheckFree Software develops, markets and supports software applications that are used by financial institutions to process more than two- thirds of the nearly 14 billion Automated Clearing House transactions in the United States. The division also provides financial institutions and other organizations with payment processing and consulting, reconciliation and exception management, fraud and risk management, cash and logistics management, and compliance software and services.
SOURCE: BancTec, Inc.