Remittance Processing:
End-to-End Solutions—High-Speed Processing to Total Lockbox
The receipt of your customers’ payments is not the end of the line when it comes to the bottom line. There are multiple opportunities to streamline your operations and maximize efficiency in remittance processing.
The REMITCO Solution
First Data’s REMITCO offers high-speed remittance processing, check clearing and Web-based image archive solutions that can be customized specifically for your business. Our end-to-end solution offers you just the right services at the best value so that you can focus your efforts on your core business objectives.
End-to-End Solution
Need a total lockbox outsourcing solution? REMITCO can give it to you, along with full exception processing. We use advanced image technology to capture images on pass one and pass two and an in-house programming team to customize services and quickly respond to your needs. That means you can realize seamless integration of payment information from lockbox, IVR, Internet and in-person payment options.
Complete Check Clearing
REMITCO assures you the best combination of price and availability in check clearing options through our network of end points. We employ a full-time float manager who negotiates transportation and clearing relationships and belongs to local clearinghouse associations and the Federal Reserve Banking System. ARC programs, risk management, ACH services and centralized, automated returns are also offered.
Safe, Secure and Simple Archiving
REMITCO offers a Web-based image archive with customized applications, simultaneous multi-user access and flexible indexing for quick and easy searches. Within seconds, customer service representatives can view images of checks, stubs, returns, exceptions and correspondence items—front and back. Customer inquiries and research items can be resolved quickly and efficiently with no special software required.
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