Payments Processing | Check Processing

When it comes to handling payments, customers expect efficient, real-time interactions. Customers are unlikely to accept wait times for deposits of 24 hours or even a few hours. Whether you call it being digitally transformed or customer-centric, immediacy and simplicity are the name of the game. This means that banks cannot rely on manual processes, which take too long for the digital generation. This is where Parascript comes in.

Process Payments in Seconds

Using state-of-the-art technology based on machine learning algorithms including deep learning, payments can be processed in seconds, providing immediate feedback to the customer. Since Parascript enables automation rates as high as 99%, banks can automatically verify payment amounts against customer-supplied data to forego the traditional wait times for deposit availability.

Parascript also provides the capabilities to analyze the check beyond just amount information to include key factors important in remote deposit including presence of date and backside endorsement. If data is missing, the customer can be notified during the transaction, not after the fact, resulting in enhanced customer experience.

PAYMENT PROCESSING SOLUTIONS

CheckXpert.AI - better than human check recognition

CheckXpert.AI®

CheckXpert.AI®
CheckPlus Integrated Check Recognition

CheckPlus®

CheckPlus®
Remote Deposit Capture with CheckUltra

CheckUltra®

CheckUltra®
CheckUsability

CheckUsability®

CheckUsability®