The new lifecycle management payments (LCM) solution, LCM Payments, is a browser-based account reconciliation and positive pay solution that will enable financial institutions to provide their clients with a range of real-time capabilities, based on customer specific business requirements, while consolidating multiple existing systems into a single integrated platform.
LCM Payments feature an intuitive dashboard interface that will allow clients to manage a variety of transaction types including, checks, wires, ACH and unclaimed property. Users can perform adjustments, view check images, submit updates, investigate exceptions and initiate reports online in real-time.
Through LCM Payments, financial institutions can offer their clients customized workflows for business actions, status and exceptions. Clients can review and manage transactions for all types of accounts, including DDA, depository and corporate accounts.
Kevin Connelly, senior vice president and managing director of financial services group, at Trintech, said: This product sets a new standard for account reconciliation and positive pay solutions. LCM Payments is a next-generation solution that can literally change the way financial institutions interact with their customers. The solution provides a unique value proposition to financial institutions allowing them to increase service levels, generate incremental revenue, and reduce operating expenses. LCM Payments provides a highly transparent view of all internal and external financial transactions and accounting metrics, with control tower enterprise-wide monitoring capabilities.
