NORCROSS, Ga.--(BUSINESS WIRE)--TransCentra, a leading provider of billing and payment software and services, has enhanced its remote deposit capture (RDC) offering with additional security features and created a single platform solution for clients using both RDC and remote lockbox services.
TransCentra enhanced its anti-money laundering (AML) features within its RDC solution, improving check-type identification based on format and image attributes. The platform now more comprehensively distinguishes among money orders, cashier’s checks, personal checks and business checks. The module significantly reduces the manual task of reviewing riskier items, automatically flagging them for review applying each client’s unique business rules and logic.
“Mobile solutions are increasingly pervasive, with growing uses for business operations across almost every industry,” said Lynn Boggs, CEO of TransCentra. “However, the security of mobile technology remains a top priority. We understand the importance of mobile, but also the challenge of managing risk. Our RDC solutions let our clients offer the latest mobile tools and still detect risk at its earliest stage.”
Additionally, TransCentra now provides a single platform for clients offering both RDC and remote lockbox. The company’s remote lockbox solution allows banks and other companies to scan checks and any associated remittance documents remotely from their offices as an alternative to mailing them to the lockbox site. Now, the same platform on which users scan checks, invoices, coupons, envelopes and claims for the lockbox can be used for basic check deposits.
Boggs continued, “Having a common application for both RDC and remote lockbox creates a single user experience for the bank, making it simple to deliver both remote, self-service options.”
TransCentra’s RDC solution features workflow automation and intelligent document recognition, reducing manual processing and accelerating cash cycles. Users can also deposit checks from a smartphone with the company’s mobile check deposit solution.
Norcross, Ga.-based TransCentra is America’s largest outsourced remittance processor, one of the largest outsourced billers and a top provider of imaging and payment processing platforms and software. An industry leader in innovative multichannel billing and payment solutions, TransCentra is trusted by many of the largest and most recognized names in both the consumer and business-to-business markets across a variety of industries, including financial services, insurance, healthcare, utilities and telecommunications. For more information, visit www.transcentra.com.