Payments Clearing Model™

OPTIMIZE CHECK CLEARING IN A BLENDED PAYMENTS WORLD

With the freedom to clear checks through image exchange or IRDs, payments clearing options have grown exponentially. The cost dynamics of these options will continue to evolve for the next few years, creating an environment in which clearing decisions must be frequently reevaluated and changed. Traditional spreadsheet methods are no longer sufficient to meet this challenge.

The Payments Clearing Model allows financial institutions to accurately create customized cash letter clearing scenarios to meet operating and profitability goals. Utilizing critical information on clearing costs, transportation, and clearing agents and arrangements, the model provides the broadest possible number of clearing options in paper, image and electronic cash letter (ECL).

By using the Payments Clearing Model in a proactive fashion, float managers can improve decision making to gain control of the bank's clearing expenses and transportation costs.

BENEFITS

• Helps float and item processing managers reduce costs and control negative float
  
• Provides full-cost clearing alternatives including clearing fees, transportation, float costs, capital costs and overhead
  
• Offers 'what if' modeling for migration to image exchange and source capture
  
• Reduces float by identifying items which can be converted to IRDs
  
• Provides clearing options for all items, not just large dollars
  
• Creates a "Virtual Sort Pattern" that allows the bank to quickly implement new clearing scenarios
  
• Improves tracking and control of clearing alternatives
  
• Allows users to easily control all variables used by the model
  
• Delivers accurate analyses based on the bank's current transaction files

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.