What is a Remittance Processing System?

The word “remittance” is a broad term used in the financial industry. Remittance usually refers to money that is sent or transferred to another party as payment for goods or services or foreign transfers (inwards or outwards) to and from individuals in other countries. It is derived from the word remit, which means to send […]

What is Lockbox Processing?

Lockbox processing is a service offered by third-party vendors and financial institutions to simplify and automate the handling of customer mailed-in payments. Lockbox processing is also known as remittance processing service or payment processing service. Lockbox processing services route and handle mailed-in payments for reconciliation to a client’s host system and prepare them for deposit. […]

RTLFiRST Distribution Manager

Do you….. -want to eliminate repetitive paper based manual search process? -want to save time in searching for the physical stubs? -need to generate stub/check images of archived/un-archived batches in PDF and/or multipage TIF format? RTL has a solution for you… DISTRIBUTION MANAGER® (formerly RTL PDFManager) is a tool that allows RTLFiRST users to generate […]

ClickList – List Payment Handling

ClickList® -This module is designed to easily and effectively process list payments through the use of OCR technology. -It allows operators to define which fields they want to read off the list and through these defined fields, create virtual stubs. -RTLFiRST users simply have to do a “one-motion/zone-in” of the column(s) that needs to be […]