STOP DOUBLE POSTINGS WITH DUPLICATE PAYMENT DETECTION

Double postings have always been a concern, in terms of their negative impact on customers and the cost of correcting these errors. The introduction of IRDs, electronic exchange and ACH check conversions have now heightened the risk of duplicate items — increasing your need for a reliable solution.  Payment/Guard* provides a reliable, proven solution for duplicate payment detection prior to posting -- to reduce risk and maintain customer satisfaction.  What's more, this flexible tool can be quickly integrated into your existing check processing operation and workflows.

Payment/Guard also ensures that time-critical processing functions are never delayed. All possible duplicate presentment scenarios are detected, including IRD followed by IRD, IRD followed by paper, paper followed by IRD, IRD/paper followed by electronic, electronic followed by IRD/paper, electronic followed by electronic, and IRD/paper/electronic combinations against ACH. In addition to configurable options, flexible parameters, reports and housekeeping utilities, users can customize the system to match your bank's processing environment and volumes.

Payment/Guard interfaces to your bank's existing capture (check and ACH) systems to identify and store items received by the bank as part of its inclearings or POD work. Payment/Guard takes advantage of Carreker's extensive experience and technology from other proven applications in developing a sound duplicate item detection/double posting solution.

BENEFITS

• Reduces risk and liabilities due to double posting transaction items
  
• Helps improve customer retention and satisfaction
  
• Reduces research and adjustments costs
  
• Offers a flexible, customized solution
  
• Offers easy integration into your existing workflow
  
• Provides comprehensive reports to support settlement and back-office handling
  
• Interfaces with exceptions to handle re-presentment of false duplicates
  
• Supports reprocessing
  
• Provides early notification to exceptions/adjustments/fraud applications

Cross Channel Detection and Protection

Payment/Guard embraces the critical components of a duplicate detection system including high performance load/match capabilities; special reports and extracts to facilitate exception handling, handling of duplicate paper, and handling of representments; flexibility to specify how long items are stored and ability to block items from the duplicate detection process.  Our 2006 release provides duplicate detection and protection across multiple payment channels including IRDs, paper, electronic (ECP and image exchange) and ACH transactions. As a result, subsequent items with similar or identical MICR information are prevented from posting and flagged as suspects for further review.

To stop double postings, use Payment/Guard – the most reliable duplicate payment detection solution available.

*patent pending

For more information about this solution, contact Doug Halvorsen at 704.602.5335 or complete our Information Request Form.