By Mark Brousseau
Payments processors will raise the table stakes for solutions providers this year, demanding more from their software than mere “scan and deposit” functionality. That’s according to Wally Vogel (wally_vogel@creditron.com), president of Toronto, ON-based Creditron, Inc., a PurePay portfolio company.
Vogel told me that processors would expect things such as interfaces to accounts receivable (A/R) systems, image archive functionality, rule-based cash application and adjustments tools, and the ability to use recognition technology to capture additional data from checks.
Meantime, Vogel also foresees no let-up in the demand for distributed capture solutions from corporate billers. As part of this trend, Vogel expects that check scanning hardware will soon become inexpensive enough to be an “off the shelf” item, like other scanners. The day is coming, he predicted, when companies will “pick up a check scanner from Staples.”
What do you think? E-mail me at m_brousseau@msn.com.
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