Float Pricing System™ (FPS)

OPTIMIZE FLOAT CONTROL — CUSTOMER BY CUSTOMER, PRODUCT BY PRODUCT

Even as check transactions are electronified, through ECP, ACH or image, the fundamentals of float assignment and risk assessment remain. Float managers still need methods to accurately measure bank float and fee related expenses against customer float and pricing revenues. The right tools are essential – perhaps even more so today, in light of electronified payments and the Check Truncation Act – for pinpointing the float allocation, pricing and expense reduction opportunities that improve operating efficiency and income.

Carreker's float management solutions address the unique challenges of today's payments environment. Installed at financial institutions across the country, our Float Pricing and Float Analysis Systems are proven, cost effective solutions that manage expenses and customer profitability within a dynamic payments system. Moreover, they deliver the functionality, flexibility and control needed to meet banks' performance goals.

The Float Pricing System 5.0 (FPS) improves your ability to track customer profitability at multiple levels. By creating multiple independent availability and deposit fee schedules, the system allows you to tailor pricing programs according to specific customer sensitivities. In addition, FPS creates a vast historic database, providing the data you need to ensure product profitability.

BENEFITS

• Improves pricing profitability by allowing for:
  • Pricing by segment, source or product
  • Float schedules by segment, source or product
    
• Meets extended operations and multi-cycle item processing needs
  
• Reclaims float by automating float adjustments for holidays, reject items and float chargebacks
  

For more information about this solution, download the brochure (PDF, top right). You can also contact Randy Haga at 972.371.1412 or complete our Information Request Form.