Straight Through Check Processing™

ProfitStars delivers Straight Through Check Processing™, integrating Alogent point of presentment applications with the Alogent Payments Gateway in regional or central processing centers to automate and streamline deposit and payment processing through to final resolution. Straight Through Check Processing removes manual processing and effort from the moment an item is received by the teller, or through back counter, image-enabled ATM as well as commerial, small business and consumer remote deposit solutions. Straight Through Check Processing dramatically reduces exceptions, increases customer satisfaction, achieves truncation, and reduces cost.  At the same time, it hyperaccelerates processing timelines, enables earlier funds recognition, and improves deadline compliance and quality.  Straight Through Check Processing is the only platform that enables a seamless transition from paper to electronic payment and deposit processing. It reduces your reliance on paper item processing by converting paper-based transaction items to electronic format; by processing paper, data and images in the same workflow; by allowing you to defer paper transporation to the center until the end of the day; and by enabling paper truncation at any point in the process.
	View the Alogent-BearingPoint Business Case for Straight Through Check Processing: Enhancing your Check 21 Business Case? (PDF, 628 K)
Benefits of Straight Through Check Processing Check 21 Platform Straight Through Check Processing enables a gradual — and profitable — transition from paper to electronic payment processing.  It offers the selective implementation of a wide range of workflows to supplement legacy systems with our open-architecture, server-based solution at a pace of your choice. Easily configurable business rules allow you to adapt to changing business imperatives or mergers and acquisitions. Our innovative, point of presentment-to-center integration positions you to take advantage of initiatives such as Check 21, Image Exchange, Electronic Check Conversion (ECC), Electronic Check Presentment (ECP), and Back Office Conversion (BOC). Reduce risk and adapt to your changing environment at minimal cost. Position your enterprise for industry and regulatory change and new industry paradigms. Eliminates conventional proof and encode, resulting in significant cost reduction Seamless Integration Straight Through Check Processing seamlessly integrates data and image workflows that reduce the number of manual, paper touch points between your branches and other points of presentment with your processing centers.  It reduces work at points of customer contact and in central processing, reduces costs, errors, and exceptions, balances and posts transactions earlier, and increases the quality of customer transactions.  It integrates large branch networks with central processing centers at minimal cost. Eliminate bottlenecks by expanding system capacity and extending the timeline and geographic reach of your operations center. Branch deposit automation and remote deposit expedite both the deposit and clearing processes and extends your processing day.  Anytime, anywhere' item correction and balancing using a Web browser interface and secure login extends traditional central processes to geographically dispersed locations. Early capture, validation and transmission of branch transaction data and images enables power encoding on prime pass reducing the volume and cost of manual proofing. Truncate on-us and credit items at the branch, and eliminate cash tickets and G/L tickets to reduce transportation costs through reduced paper pickups at the branches.  You virtually eliminate manual proofing and its associated high cost.  Non-truncated paper can follow at the end of the day, optimally in just one trip, and be efficiently matched to the previously transmitted electronic data and images in Alogent Payments Gateway.  This unique capability enables early fraud detection, and facilitates early balancing and posting of transactions.  System capacity and ability to meet deadlines is improved, you reduce the need for expensive, late night staffing, take advantage of geographic economies, and you enjoy earlier recognition, and use, of cleared funds. Boosted Exception Reduction You will reduce the amount and the cost of exceptions by catching errors right up front while the customer is still present.  You also facilitate daytime capture and processing of information from the branches, and the reconciliation of paper items with electronic information when the paper arrives at the center. Eliminate and Truncate Paper Capturing images and data at the point of presentment and maintaining the integrity of every transaction throughout processing allows you to eliminate 100% of cash tickets, G/L tickets, and batch tickets, and to truncate on-us and other items.  You control the level of truncation, as regulations and business needs change, through our easily configurable business rules.  Less paper to handle means fewer errors, reduced transportation costs, expanded system capacity, and the ability to re-purpose resources to enhance customer service and sales.