Fees based revenue generated by deposits and remittances continue to play an important role in a bank's profit and loss balance sheet. Therefore it is critical for banks to protect this revenue from competition and during any kind of financial crunch. To stay competitive, financial institutions ensure that they deliver quality services which enable faster accounts receivable posting and information access. However, bankers have struggled to assess the payback period for digitalized money transaction as the paper based check volumes have been consistently declining in recent years. Mphasis recognizes the fact that the banking industry needs a Lockbox solution which enables financial institutions to deliver faster accounts receivable posting and information access to customer.
Mphasis' remittance processing solution provides a world class lock box solution that enables the bankers to move their cost from fixed to variable. We provide solutions to capture images of checks and documents, deposit customers' funds, create image cash letters for electronic clearings and report detailed payment information. All these solutions are customized in way that they display only your logo and brand name to your customers.
Tenets of our solutions:
Mphasis is packed with a large pool of talent which develops best-in-class solutions for market leaders. We offer a high quality receivables management package including wholesale, retail and industry-specific solutions with no capital expenditures. Our solutions will help you to: