The new option, named Auto-Process, is expected to perform all phases of the payment activity, from generation of checks and electronic payments to printed and electronic payment notifications, in total transparency to users.
According to Sam Mikhail, vice president-sales of the division, the module can be scheduled to run at specific times or at fixed intervals throughout the day, when it searches the payment files for any payments that are ready to be issued. It then automatically initiates the process, which involves merging the payment data with the appropriate stored forms and formatting and spooling them out for printing production on a MICR-enhanced laser printer or for electronic delivery.
An automated email feature is offered to notify the administrator when the process begins and when it concludes, at which time it also reports on any errors that were encountered during the payment run. Mikhail believes this will eliminate the human intervention required to schedule and execute a check run.
EZPayManager is a universal payment platform that allows users to perform disbursements by MICR laser check and by direct deposit using the banking industry’s ACH network, with both checks and direct deposits executed during the same payment run.
