Check Processing
Regulators require banks to perform investigations on all payors and payees involved in check transactions. Check image pulling is a very time-consuming, manual process. All check transactions are captured as scanned images in a home-built desktop application, which maintains a clumsy user interface for performing investigations on three months of the transaction history.
WorkFusion can automate this insurance classification and matching process, increasing efficiencies in the processing of paper checks. It includes investigations of payees involved in check transactions, as well as a review of problematic check, routing or account numbers.
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