The Clearing House and VECTORsgi Streamline Adjustments Processing with Link Between Systems

Wednesday 19 May 2004 15:22 CET | News

The Clearing House and VECTORsgi have completed a direct link between VECTOR Research Solution, software for managing disputes, and EDIBANX, an online check adjustment system.

The interface allows financial institutions to upload and download batches of adjustments into EDIBANX to and from their case management system, eliminating the need for manual re-entry. These adjustments are then exchanged online between financial institutions, greatly automating the adjustments resolution process. Both the VECTOR Research Solution and EDIBANX automate portions of the adjustments process. Together, these two systems further streamline the entire adjustments process. VECTOR Research Solution is a leading case management system for managing disputes from notification to resolution. EDIBANX is an online adjustment system that allows financial institutions to enter, exchange and settle adjustment transactions using standard web-based forms with extensive edits to ensure accuracy the first time. The interface has been in production at ABN AMRO LaSalle Bank in Chicago for several years and is now available to financial institutions of all sizes, all locations.

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Categories: Payments & Commerce | Payments General
Countries: World
This article is part of category

Payments & Commerce