Non-MICR Input System

In every item processing environment some transactions are not MICR encoded and cannot be processed with a high-speed reader sorter. These transaction types normally require a great deal of special handling and unique control processes to insure accuracy and proper disposition through the input systems feeding the postings. Frequent errors and delays can be frustrating for bank employees and aggravating to customers. The Non-MICR Input System™ allows these transactions to be entered into IBM's CPCS as though they had been MICR encoded, so they can be processed through a reader sorter.

With the Non-MICR Input System, a bank can enter, balance, list, report and extract all transactions from a centralized point into various applications, such as:

• ATM
• ACH
• Electronic Check Presentment
• Wire Transfers
• Lockbox
• Mail Deposits
• Pay by Phone
• Remote Site Transactions
• Return Items
• International Transactions

The Non-MICR Input System provides a parameter driven file formatter allowing the user to control the input format for each application. The system allows multiple types of input, including CRT data entry AFES (Automated Funds Entry System), tape, and disk EFT (Electronic Funds Transfer). The system utilizes existing CPCS programs to edit and validate all data, eliminating the need to edit each transaction through other systems. The system also provides a method for testing new releases of CPCS and other changes in the bank's item processing environment without the need to physically use a reader sorter.

A detailed step-by-step installation guide is provided, allowing the bank to install the system with little or no assistance. This self installation educates the bank's staff rapidly and allows them to be more confident about how the system functions when problems arise unexpectedly.

BENEFITS

Non-MICR transactions play a large part in daily processing routines. By handling them more efficiently, the Non-MICR Input System reduces the time items are spent in processing, establishes greater control and significantly reduces operating expenses.

Since the item processing software performs edits and funnels the transactions into the various applications, the centralization ensures that the research area has access to these transaction types, which are easily identified for an effective audit trail and compliance with Regulation E.

The system reduces the bank's need for MICR encoding equipment, another cost savings. It also allows testing of item processing software changes on the various applications without the requirement of a reader sorter, reducing implementation time.

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