Chesapeake System Solutions, a global provider of integrated financial governance, risk management and compliance software solutions, has integrated a check-processing toolkit A2iA CheckReader into its T-Recs Enterprise reconciliation system to offer advanced bank account reconciliation and positive pay functionality.
T-Recs Enterprise offers banks a scalable, service-oriented architecture that integrates with existing back-office systems. The solution delivers its functionality in a server environment, lowering operational costs and facilitating innovation in the delivery of high-profile, fee-generating cash management services.
T-Recs Enterprise’s browser client makes it simple to offer web-based services to corporate customers and allows banks to do so at a fraction of the cost. T-Recs Enterprise delivers standard (next day and same day), payee, ACH, wire, teller and reverse positive pay services with image integration for initial scrubbing and customer pay/no-pay decisions.
John Snyder, director of business development at Chesapeake, said: “Intelligently processing check images on a robust reconciliation platform offers an opportunity to close one of the biggest loopholes in payment fraud. A2iA CheckReader offers an unparalleled solution to this complex problem, while T-Recs Enterprise is by far the most advanced reconciliation system on the market today.
“Bringing together these two solutions yields the perfect technology combination. Banks implementing this system will be able to provide their corporate customers some truly unique services.”
Jean-Louis Fages, president and chairman of the board at A2iA, said: “A2iA CheckReader’s precision-engineered advanced image analysis and proprietary recognition engines offer fast read-rates and unparalleled accuracy, which complement the functionality T-Recs Enterprise offers.”