VISTA, Calif. (11/30/11)--Bluepoint Solutions, a provider of remote deposit capture, item processing and enterprise content management solutions, has launched a mailroom processing solution that complies with Check 21 rules.
The latest addition to the ImagePoint suite, ImagePoint Mailroom, allows financial institutions to capture and electronically process both deposits and remittances, including credit card, mortgage, auto and other loan payments, received in the mailroom.
Bluepoint's ImagePoint Mailroom application software is a service-based, automated processing tool designed to scan, sort, apply and split remittances and deposits; validate the data; and export it for clearing, posting and archiving. The Web-based application operates in a cloud environment with no local software to install or maintain.
"Financial institutions of all sizes need to constantly evaluate new technologies that help them improve productivity, particularly in payments processing," said Hal Tilbury, Blue point CEO and founder. "Back-office remittance and deposits are areas where financial institutions of all sizes can leverage the benefits of electronic processing to lower costs and boost efficiencies."
Bluepoint's ImagePoint Mailroom application interacts directly with the institution's existing host system, loading all current, expected receipts--plus all current account information. Operators perform a pre-sort and then scan remittances, which the system matches to the expected receipts and account information, presenting unmatched items to the operator in an automated queue for review.
Upon completion, the system generates a cash letter file to be included with all other items for clearing and archival, and a posting file that goes back to the host system and/or to separate accounting systems.