Jack Henry & Associates, Inc. announced that its ProfitStars division has enhanced RemitPlus, its enterprise payment system that automates electronic check deposits, with the Key-Pay Convene data completion solution provided by Orbograph Ltd. In today’s data-driven world, the ability to convert paper documents into digital data is more critical than ever. From banking and financial service institutions to medical record and claim processing centers, getting the paper out of the process can have a dramatic effect on any business – reducing costs, streamlining operations and, most importantly, improving ROI.

    RemitPlus is an automated remittance processing and electronic deposit solution that enables diverse businesses to scan and capture images of checks and payment vouchers, stubs, or coupons. Automated payment processing solutions typically require that users manually enter data that is unreadable by automated character recognition solutions. Key-Pay Convene automatically routes unreadable data to offsite, certified personnel for keying and supports virtually 100 percent of free- form, semi-structured text and all handwritten characters.

    The paper checks are converted into electronic transactions that are processed via ACH or through the Check 21 image exchange network. Selected identifiers from the vouchers, stubs, or coupons are stored and the business' accounts receivable system is automatically updated. These market-leading systems proactively support the evolving banking industry with ongoing client-driven enhancements to the core functionality, the regular introduction of new complementary products, the integration of practical new technologies, and strict regulatory compliance.

    Unlike other data completion solutions, Key-Pay Convene receives and processes only the data components or "snippets" that are not read automatically. The entire check or payment form is not sent to the keying source, which ensures consumer privacy with an embedded transparent remote keying solution.

    RemitPlus is an automated electronic check processing solution that simplifies the remittance process by providing financial institutions and diverse corporate entities the ability to scan and capture images of checks and payment vouchers, stubs or coupons. This affordable, scalable check scanning and imaging solution is ideal for a large merchant to the smallest nonprofit organization as well as the largest lockbox providers. This solution’s advanced character recognition (CAR/LAR) reads and stores the amount, endorses the checks, and saves the selected identifiers from the coupons. RemitPlus converts all paper checks into an electronic funds transfer (EFT) and transmits through the secure ACH or Check 21 image exchange network.