ARC

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The proven DocuTran ARC feature automatically converts eligible remittance payment checks into electronic transactions, thereby reducing check handling costs, accelerating access to funds, and accelerating the collection process on returned checks. DocuTran ARC is running today in a Fortune 100 company and is the largest ARC processors in the world currently converting more than 30 million checks per month.

DocuTran ARC evaluates each check according to user-defined rules, to control check conversion by customer account, transaction type, transaction contents, check type, issuing bank ACH eligibility and even past check conversion history by checking account. After all normal remittance processing steps are complete, eligible checks are converted to ACH transactions. Converted checks are out-sorted from the normal check clearing stream, either in the initial pass, the encode pass or both. ACH balancing reports provide the same positive reconciliation that DocuTran provides for conventional check clearing.

The new DocuTran ARC feature integrates the popular suite of ACH software products from US Dataworks, Inc. (Amex: UDW) with Tangent’s DocuTran software and with in-house developed solutions. DocuTran ARC integrates these capabilities seamlessly with the DocuTran software, enabling both new and existing DocuTran users to enjoy the benefits of ARC check conversion.

Check21

DocuTran supports the deposit of payment checks via the new Check21 legislation. With this license, a remittance processor will be able to send their deposit to the institution of their choice in one of two standard formats, XML or ANSI 9.37. All relevant payment data can be passed to the receiving institution along with the images captured from the transport on first or second pass. Since there is no industry standard for the exchange of data and image files between the remittance processor and the bank, DocuTran will take advantage of the institutions existing environment and industry standards such as secure FTP and VPNs.