wcmVirtualBranch is described as an electronic check processing platform designed to meet the complex needs of a financial institution’s processing requirements for check image capturing. P&H Solutions says the platform complements a full array of online cash management functionally, such as ACH & Wire origination, reporting, and reconciliation, with the benefits of remote check processing.
Combining Web Cash Manager and Storefront Partner RDM’s Image and Transaction Management System, the platform is said to give clients the convenience of complete payment processing right from their desktops.
William Wray, Citizens Financial Group said, P&H’s wcmVirtualBranch will allow our business customers to easily scan any form of payment for deposit, including consumer and business checks, money orders, travelers checks, and remittance coupons directly from their desktops and will let them automatically update their accounts receivable systems. Our initial marketing efforts have produced strong demand for this new capability and our belief is that it will be adopted by businesses of all sizes in the near future.
