OPEN SCAN(R) Announces Lockbox Module for Exceptions Payment Processing; New Product Plugs into Any Existing Lockbox Environment for Increased Operational Savings.DENVER -- Open Scan Technologies A method for testing chips on the printed circuit board by building the chip with additional input and output pins that are used only for test purposes. Full scan methods test all the registers on the chip. , Inc., a pioneer in exception automation software, today announced an innovative lockbox Lockbox A collection and processing service provided to firms by banks, which collect payments from a dedicated postal box to which the firm directs its customers to send payment to. module to optimize exceptions payment processing. The new technology delivers the highest level of data capture accuracy, provides an interface for web-based client set up and is compatible with any existing lockbox environment. "Processing non-standard payment transactions is a challenge for traditional wholesale lockbox software," said Nadine Lange, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of OPEN SCAN. "Until now, exceptions were either processed manually at an extensive cost or were returned to the client. Our new module is designed to easily augment any existing lockbox software thereby creating a beneficial ROI (Return On Investment) The monetary benefits derived from having spent money on developing or revising a system. In the IT world, there are more ways to compute ROI than Carter has liver pills (and for those of you who never heard of that expression, it means a lot). for the lockbox operator." OPEN SCAN's lockbox module can import electronic check and remittance images directly from any hardware or application source. Data is automatically captured, validated and balanced, then delivered back to the main lockbox workflow seamlessly in a variety of formats, including XML XML in full Extensible Markup Language. Markup language developed to be a simplified and more structural version of SGML. It incorporates features of HTML (e.g., hypertext linking), but is designed to overcome some of HTML's limitations. . The solution can capture machine print, hand-print, checked boxes, bar codes, and scanlines, support both ARC and Check 21 and is particularly well suited for complex reoccurring payments. With OPEN SCAN, once a template structure is created, reoccurring payments will never require an operator to review them again even if there are changes in the payments from month to month. OPEN SCAN will introduce the new lockbox module at 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. forum in Baltimore, MD this week. Visit booth 1302 to learn more about the new module and other solutions from OPEN SCAN for mixed and exception mail management. About Open Scan Technologies Founded in 1998, Denver, Colorado based OPEN SCAN(R) helps many of the world's leading organizations and government agencies measurably increase operational savings by automating their mixed and exception mail and remittance processing. OPEN SCAN manages the widest range of unstructured documents including invoices, check lists and check skirts. The company's core technologies, data capture, intelligent parsing See parse. parsing - parser and reconstruction lead the industry and are compatible with market-leading scanning devices See scanner. and back-end completion systems. OPEN SCAN offers the most automated way to properly process exceptions; enabling customers to speed cash flow, minimize manual processing, increase data accuracy, and maintain security. For more information please visit: www.openscantech.com. |
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