Product/Service

BancTec BPO Remittance

Source: BancTec, Inc.
For organizations facing rising costs in processing paper checks, BancTec Payment Processing BPO provides a fast, accurate and cost-effective solution specifically tailored to their unique needs.

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Product Sheet: BPO Remittance

As paper check volumes decline, the economics of operating in-house payment processing become harder to justify. While clearing remittances as quickly as possible may be critical to the organization, the actual performance of this task adds little competitive value and ties up resources that could be better utilized elsewhere. With BancTec Payment Processing BPO, companies can now redeploy staff, facilities and funds towards more strategic objectives and leave payment processing to the industry experts. BancTec Payment Processing BPO services provide fast, accurate, cost-effective payment processing, teamed with flexibility and experience.

Focus On Your Business While Lowering Costs.
For companies that operate their own payment processing operations, falling check volumes translate into higher per-remittance costs—due largely to fixed facility, labor and maintenance costs, as well as capital expenditure on hardware and software upgrade and replacement. By outsourcing to a reliable partner like BancTec, organizations can focus their managerial talent and financial resources on core business functions. The money saved through BancTec's low cost structure will allow resources previously tied up in facilities, hardware, software, salaries and benefits to be invested in strategic initiatives that create competitive advantage.

Enjoy Superior Service and Quality Levels.
BancTec has been building, implementing and optimizing payment processing systems for over 30 years. By utilizing proprietary hardware, software and processes, BancTec delivers world-class speed, accuracy and reliability to BPO customers. Advanced OCR technology, specifically optimized for check processing, increases read accuracy rates and minimizes exceptions, yielding fewer bad checks, providing earlier fraud detection and reducing costs. Faster processing decreases internal float costs and accelerates funds availability. In addition, with BancTec's national network of processing centers, customers are assured comprehensive coverage and minimized delivery times. BancTec customers experience superior service, and in return, are able to deliver better service to their own customers.

Flexibility to Meet Your Unique Needs.
BancTec Payment Processing BPO services are scalable to meet customers' changing needs. Fees are assessed on a per-remittance basis so customers pay only for the service they use, regardless of whether check volumes rise or fall. BancTec structures every Payment Processing BPO relationship to ensure cost savings for customers. A Service Level Agreement (SLA) is standard on every contract and is backed up with the BancTec Guarantee™. If the SLA is not met, customers do not pay.

BancTec offers customers on-site, off-site and off-shore payment processing options customized to their unique needs. On-site processing allows customers to leverage their current investments in hardware, software and facilities while still taking advantage of BancTec's expertise. Both on-site and off-site processing also allow customers to re-task resources towards customer service enhancing or revenue generating activities. Off-shore exception processing options are available to further reduce costs and processing times. Regardless of the delivery option, BancTec's proven implementation methodology makes the conversion fast, convenient and cost effective.

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Product Sheet: BPO Remittance