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WAUSAU Financial Systems WebDDL 3.3
WAUSAU Financial Systems’ newest release of its remote deposit capture solution has made it more affordable for banks to offer RDC to their customers. The application includes simplex scanning which diminishes the restrictions regarding what type of scanner a customer needs to use to scan their checks for deposit. Traditionally the cost of the check scanner put limitations around the type of customer a financial institution could market RDC to. With simplex scanning, any customer with an existing flatbed or all-in-one copy/printer/fax machine in his or her office can take advantage of the benefits of remote capture.
In addition to simplex scanning, one of the most important features of WAUSAU’s latest release is the inclusion of risk monitoring functionality, which allows financial institutions and their clients to safely enjoy the benefits of RDC while complying with the FFIEC guidelines.
The risk monitoring module allows institutions and their risk management teams to better monitor and control risks associated with RDC. One of the key features allows for rule-based flags. If any items coming into the system fit a designated rule, a flag will be assigned to that item or transaction. Once the item has been flagged it can be personally reviewed and a decision can be made as to whether to move forward with the transaction.
WAUSAU’s risk monitoring application also provides specific contact information about who captured that item and the risk rating associated with that location. Risk ratings are set up specific to each location that is capturing and transmitting items via RDC. The application can prioritize and organize transactions by the rating associated with that location.
Why WAUSAU’s RDC Solution warrants an Innovative Solutions Award?
1. WAUSAU’s RDC solution helps satisfy the need for community banks to put more focus on the small business customer by offering solutions to meet their needs and budgets.
2. WAUSAU’s RDC solution creates additional value for the customer, while significantly growing profits for the financial institution.
3. WAUSAU’s RDC solution reduces a community bank’s exposure to risk and easily provides the information requested during audits.
4. WAUSAU’s RDC solution allows financial institutions and their customers to safely enjoy the benefits of RDC.
WAUSAU Financial Systems
www.wausaufs.com