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Straight Through Check Processing (STPC) takes all of the pieces of check-based payment processing (paper, data, image
inputs,
inter-bank exchange and central item processing) and combines them into a flexibly integrated, straight-through
processing stream.
An integrated image and data workflow, which begins at the points of first presentment, is governed by
extensive business rules,
making paper truncation possible anywhere in the process. |
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Our innovative Straight Through Check Processing™ solution integrates your retail points of presentment with regional
processing centers
to automate and streamline deposit and payment processing through to final resolution. Straight Through
Check Processing combines the
power of Sierra Xpedite® with Sierra Xchange® to remove manual processing and effort from the
moment an item is received by a teller,
at the commercial back counter, at the cash vault or an image enabled ATM, and at
corporate, merchant, and retail payment locations. |
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STPC dramatically reduces exceptions, increases customer satisfaction, achieves truncation, and reduces cost. At the same
time, it
accelerates processing timelines, enables earlier funds recognition, and improves deadline compliance and quality.
STPC is the only
platform that enables a seamless transition from paper to electronic payment and deposit processing. It
reduces your reliance on paper
item processing by converting paper-based transaction items to electronic format; by
processing paper, data and images in the same
workflow; by allowing you to defer paper transportation to the center until the
end of the day; and by enabling paper truncation at any
point in the process. |
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Key Features |
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- • Capturing of image at the earliest point of presentment (branch, ATM, lockbox or merchant), extending the full
benefit
of early paper truncation and image exchange with other institutions.
- • Point of presentment deposit automation allows bank’s to remove costs at the earliest point in the check processing
chain, detects and removes errors at the earliest opportunity, and accelerates fraud detection, image quality analysis
and
funds availability.
- • Capturing, validation, proof, and balancing of transactions at the earliest point in the processing chain allowing
banks
to accelerate clearing and settlement schedules.
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Key Components |
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- • Extensible Deposit Automation™ at Points of Presentment
- • Virtual POD via a Unified Payments Gateway™
- • Automated Reconciliation via a Unified Payments Gateway™
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Benefits of STCP - the opportunity for ROI is apparent |
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- • Ideally suited to the current, transitional environment, as it Integrates paper, data, and image
- • Enables banks to begin truncating at any point in the process, and to manage those changes internally through
extensive use of centrally managed business rules.
- • Provides necessary infrastructure to support an image exchange operating environment (traffic processing and
settlement).
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