WAUSAU Financial Systems' integraPAY® Now Offers Corporate Capture Capability
WAUSAU Financial Systems (WFS), the industry leader in distributed payment processing and receivables processing solutions, announced recently that integraPAY can now accept corporate payments captured remotely using WAUSAU Financial Systems' WebDDL solution.
Often payments received at the customer site versus the lockbox processing site are sent via courier or overnight mail to the lockbox for processing, which is expensive for the lockbox owner. Using integraPAY technology, commercial bank customers can capture stranded payments using a small footprint, low-cost scanner, and a personal computer with an Internet connection, and then upload them to the integraPAY database at their lockbox provider. This saves time, reduces undesirable mail/check float, and accelerates deposits and fund availability.
"With integraPAY's new capability to integrate wholesale payments, our customers can offer their lockbox customers an affordable alternative to capture payments at their local business. Incorporating WebDDL remote capture capabilities into integraPAY is a continuation of WAUSAU Financial Systems' integration strategy for our industry-leading remittance solutions," according to Kathy Strasser, Senior Vice President – Remittance and Enterprise Content Management Solutions for WFS.
WFS is the technology leader in electronic clearing and mobile payments integration for receivables processing, and integraPAY is the industry-leading wholesale lockbox solution, with nearly 50 percent of the U.S. market share volume. More than 3.5 billion payments are processed annually on the ImageRPS and integraPAY applications in varying industries.
"WAUSAU Financial Systems offers the most comprehensive receivable solutions that are flexible and scalable. We are the technology leader in electronic clearing and mobile payments integration for receivables processing," Strasser added.
About WAUSAU Financial Systems
WAUSAU Financial Systems is a premier provider of payment and remittance processing solutions, serving businesses of all types to develop strategies that move money faster. With its products, services and consulting, WFS works with customers to speed check processing, electronic presentment, ACH payments, transaction processing, distributed capture and enterprise content management. WFS' innovative solutions provide results for a wide range of organizations, including financial institutions, insurance companies, utilities, retail businesses and governmental agencies. Find more information, visit www.wausaufs.com.
SOURCE: WAUSAU Financial Systems