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. This service eliminates the need for companies to process their own payments. Lockbox processing also reduces operating costs associated with […]

Payor Reader

Do you… need to read payor information from checks? receive plenty of checks-only payments that require verification? want to add search parameters to aid in verifying the correct information for check payments? RTL has a solution for you…. PAYOR READER is a feature that allows the RTLFiRST system to read payor information from checks. Features and benefits of Payor Reader… Available to clients with Virtual or Electronic/E-key dongle ONLY. Available in RTLFiRST versions 7.0 and […]

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 stub images of archived and un-archived batches based on specific parameters given by the users themselves.  These parameters are based […]

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 processed which could include Account Number, Customer Name, Amount Due etc. -Automatically creates virtual stubs for simplified verification and balancing. […]

E-Pay Consolidator

Do you…. -accept 3rd party payments in the form of a check or electronic list? -spend a lot of your time manually processing these payments? -notice these electronic files from 3rd party providers have missing key information? -have a quick and easy way to setup and handle the different e-file formats from these 3rd party payment processors? RTL has a solution for you… E-pay Consolidator module was designed to take, consolidate and process all your […]