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Inefficiency caused by multiple payment channels and systems

Question: 
How can maintaining multiple payment channels and systems negatively impact productivity?
Answer: 

Maintaining multiple payment solutions across different deposit channels means that financial institutions must rely on distinct business rules for interrogating and handling checks, increasing the risk for fraud and creating disjointed user journeys. This can also create inefficiencies in the back-office around balancing, posting, and managing exceptions.

Learn more about using real-time image and data validation within your payment solutions to streamline efficiencies for staff and account holders.

Vendor: 

Alogent provides proven, end-to-end check payment processing, digital, online, and mobile banking, and enterprise content and information management platforms to financial institutions. Our unique approach spans the complete transaction ecosystem —capturing and digitizing transaction data, exception tracking, and automating entire transaction and loan management workflows so that information is available across the enterprise.
www.alogent.com

marketing@alogent.com
+1-678-966-0844

First published on 01/21/2024

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