Avivatech, LLC, an modern software program enterprise specializing in money and examine software program automation options in department banking and retail fee environments, has unveiled its examine product suite of options, comprising of Avivatech’s Vault and QDS Seize options.
Collectively, these options work to offer monetary establishments (FIs) a totally built-in and automatic toolset for dealing with and processing examine funds.
Vault from Avivatech works each with a standalone financial institution vault or with an armored automobile digital vault processing for a number of banks. A multi-bank setting permits operators to key and steadiness transactions whereas the system optimizes every picture and MICR learn, leveraging Avivatech’s best-read expertise. As soon as the straight-through processing of a single deposit is full, the transaction is in steadiness. After a transaction has been captured making use of every financial institution’s guidelines and type patterns, Vault aggregates the file and produces a bank-specific X9 or XML output file to your financial institution’s picture trade system. Vault even makes use of a “Retailer and Ahead” course of which helps to streamline the entire operation. Moreover, the vault software integrates with present vault administration software program programs, so the vault teller can course of and proof all examine deposits on the similar time in the identical workflow.
QDS Seize helps an FI by enabling lockbox suppliers to proceed to seize funds acquired through P.O. Containers with out the necessity for the legacy specificized transports which can be turning into out of date and unsupported. The answer works to handle the seize course of for lockbox fee paperwork, together with constructing the next seize file and transmitting it to the lockbox processor as required for extra downstream processing.
“Whereas common examine volumes proceed to lower, examine quantities proceed to extend. Pair this with getting old and out of date legacy expertise and now we have an issue funds leaders should tackle sooner fairly than later,” stated Jeff Hempker, president, Avivatech. “Our examine product suite of options, comprised of Vault and QDS Seize supply these leaders the technological benefit to make sure their examine funds are correctly collected, retailer, processed and automatic utilizing the trade’s newest expertise alongside the way in which.”