Checks and payment documents are stacked by transaction and fed through the scanner for imaging and information capture. The system uses MICR, CAR/ LAR, ICR, OCR, and/or Barcode to recognize data. This data is then used to populate the required fields for the accounting system and to create the electronic deposit.
MI Payment Processing can detect check boxes, compare fields, verify presence of data in fields and invoke actions based on information read. If there is information on the payment coupon, MirrorImage Payment Processing can interpret that data and take action based on the custom defined requirements.
The transactions are quickly balanced and a click of the mouse exports the correctly formatted file for your accounting system regardless of the system provider. Then another click of the mouse sends your electronic deposit to your bank.
"Girard’s has not only automated our entire accounts receivables processing function, it has also significantly reduced the time and effort required to process payments."
New Richmond Utilities, WI