Check recognition delivers automation to point of sale (POS) and ACH conversion
Billerica, MA, February 28, 2013 – Orbograph, a leading supplier of recognition solutions for the U.S. check processing market as well as end-to-end electronic payment solutions for healthcare revenue cycle management, announced today that Automation for POS™, based on Orbograph Accura XV technology, was successfully installed at Tempus Technologies within the PaymentMate® platform.
Tempus Technologies, a leading technology and development company in the POS, credit card, debit card and ACH markets, developed PaymentMate® to process a wide range of payments including Electronic Check Acceptance, LockBox checks, Checks by Phone and e-Deposit. PaymentMate is authorized as a payment card industry (PCI) compliant solution and has a real-time, web-services interface which is accessible for a wide range of POS and back-counter environments. Tempus implemented the Automation for POS into their platform to streamline manual check processes of merchant accounts, automatically verify check amounts, reduce fraud, and leverage marketing data on check images.
Automation for POS utilizes over 20 check recognition capabilities to address specific needs POS and lockbox clients in corporate, consumer and mobile check image capture including:
- Multi-engine Courtesy Amount Recognition and Legal Amount Recognition optimized for:
- Image Quality & Usability Assurance (IQUA)
- Money Order detection and recognition
- Automated Endorsement Analysis (AEA): Confirming the presence of an endorsement on the back of the check
- Signature Detection: Confirms presence of signature on personal and business checks
- MICR Repair: Repairs scanner rejects
- Payee Name Verification/Payee Matching: Confirms account holder name on check
- Payer or Maker recognition (operational and marketing purposes)
“There is a need in the retail industry to consolidate the POS process onto a single platform. Today, retailers have their cashiers process checks and credit cards on different systems. We leverage Orbograph’s recognition technology to deliver real-time validation to the POS making the process of handling a check faster and easier to deposit. Through the use of TeleCheck® services, we are also able to provide risk management and warranty service as well as electronically settle almost all items for the merchant,” stated Jason Sweitzer, President of Tempus Technologies.
“We are pleased to tailor a solution to the POS market that adds significant value to the point of sale and lockbox process,” stated Barry Cohen, President of Orbograph. “Automation for POS is tailored to check processing environments like these, providing an extended set of features that improve check processing deposit automation up to 98%, reduce risk and improve the POS user experience.”
About Tempus Technologies
Tempus Technologies (http://www.tempuspayment.com), a leading technology and development company in the POS, credit card, debit card, ACH markets and health-benefit cards, developed PaymentMate®, a payment access platform for processing a wide range of check applications including ARC/Lockbox, POP/ECA, Internet Check, Checks by Phone, e-Deposit/Check21, and card payments. Tempus has also created a payment gateway that allows an increasing number of customers to process check and card transactions using their own POS software with complimentary integration solutions. The versatile, fast and easy-to-use software has rapidly grown in popularity, and is now being offered by leading financial services companies such as First Data and TeleCheck.
Orbograph (www.orbograph.com), a subsidiary of Orbotech, is a premier provider of recognition-centric services and software for check processing in the financial industry and end-to-end electronic solutions in healthcare revenue cycle management (RCM). Orbograph technologies are in use in over 1,000 financial institutions, service bureaus and billers processing billions of checks and claims annually. Orbograph solutions are utilized by 20 of the top 30 U.S. financial institutions with in-house check processing. In healthcare payments, Orbograph P2Post™ and Orbograph E2Post™ utilize innovative EOB conversion technologies to automate posting of receivables into practice management systems. Orbograph enables clients to envision more for their organization by reducing costs and managing risk while ensuring that achieving more is a reality.
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NOTE: Actual performance may vary according to hardware used, configuration or other factors within your processing environment. Statistics cited in this release do not constitute guarantees of performance. For more information, visit us online at www.orbograph.com.