BancTec Launches Next Generation Remittance Processing Solution.DALLAS -- PayCourier(R) Software Delivers New Features for Distributed and Exception Processing that Cut Costs and Boost Productivity BancTec, a global provider of document and remittance processing solutions, announces the release of PayCourier 5.0 which streamlines and automates payment processing, increases productivity and significantly lowers costs. The new PayCourier 5.0 supports a hub-and-spoke architecture that offers clients distributed processing The first term used to describe the distribution of multiple computers throughout an organization in contrast to a centralized system. It started with the first minicomputers. Today, distributed processing is called "distributed computing." See also client/server. , advanced exception processing and superior security for sensitive information. These new capabilities make it possible to efficiently distribute work across multiple job sites and to effectively manage work between different time zones, work-shifts and volume fluctuations. "Our introduction of PayCourier 5.0 addresses our clients' need for centralized management of distributed operations Distributed Operations (DO) is a new warfighting concept being adopted by the United States Marine Corps and is being developed by their Warfighting Laboratory as a response to the changing environment of the Global War on Terror. and enhanced security so that images can be safely captured and keyed anywhere in the world," said Mark Fairchild, Senior Vice President, Global Products and Operations for BancTec. He adds, "BancTec continues its strong commitment to developing solutions for the payments market by focusing on operational flexibility and automation to reduce labor costs." The new operations dashboard component monitors peripheral devices and transports along with Intelligent Character Recognition In computer science, intelligent character recognition (ICR) is an advanced optical character recognition (OCR) system that allows fonts and different styles of hand writing to be learned by a computer during processing to improve accuracy and recognition levels. (ICR (Intelligent Character Recognition or Image Character Recognition) The machine recognition of hand-printed characters as well as machine printing that is difficult to recognize. ), providing real-time alerts that allow users to quickly identify and resolve potential and unexpected problems in the processing infrastructure. "Rope-and-Zone" technology and document template memory reduce exception processing for content validation and data capture of documents accompanying payment streams. PayCourier 5.0 interfaces seamlessly with a wide variety of scanners and transports to offer clients robust, scalable solutions for diverse remittance processing environments. These include the DocuScan and the F-Series scanners offered by BancTec, as well as the Opex AS3600 and other industry scanners. Integrating PayCourier with low-volume scanners, such as the new BancTec F-Series, addresses the growing need for processors with distributed branch capture or stand-alone environments. A rich Graphical User Interface graphical user interface (GUI) Computer display format that allows the user to select commands, call up files, start programs, and do other routine tasks by using a mouse to point to pictorial symbols (icons) or lists of menu choices on the screen as opposed to having to (GUI (Graphical User Interface) A graphics-based user interface that incorporates movable windows, icons and a mouse. The ability to resize application windows and change style and size of fonts are the significant advantages of a GUI vs. a character-based interface. ), support for existing Accounts Receivable accounts receivable n. the amounts of money due or owed to a business or professional by customers or clients. Generally, accounts receivable refers to the total amount due and is considered in calculating the value of a business or the business' problems in paying Conversion (ARC) interface packages, and forward image presentment for Check 21 Electronic Cash Exchange (ECE ECE Electrical and Computer Engineering ECE Economic Commission for Europe ECE Ecole Centrale d'Electronique (France) ECE Educational Credential Evaluators Inc ECE East Central Europe ECE Endothelin Converting Enzyme ) all make PayCourier 5.0 a competitive tool for clients in a variety of industries who must process a wide rage of volumes. About BancTec Founded in 1972, BancTec is a widely recognized name worldwide in transaction processing. BancTec has deployed transaction solutions in over 50 countries, counts among its customers some of the most prominent companies in the world, and is honored to be a member of the TAWPI (The Association for Work Process Improvement, Boston, MA, www.tawpi.org) A membership organization dedicated to the improvement of work processes in data capture, document and remittance processing. Hall of Fame. The BancTec product suite combines unique flexibility, scalability, and connectivity to provide unprecedented levels of automation in the capture, processing, and distribution of electronic and paper documents and transactions. BancTec complements its product suite with a line of proven hardware solutions, and dependable service and support. To learn how BancTec can help your organization reduce IT costs, increase productivity, and improve quality, visit our corporate Web site at www.banctec.com or call 1-800-BANCTEC. |
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