According to the company, LCM Payments is a browser-based account reconciliation and positive pay solution providing financial institutions and their corporate customers with a wide range of real-time capabilities, including fraud prevention and advanced decision-making tools for enterprise payment processing lifecycles.
Based on Microsoft .NET framework, LCM Payments provides financial institutions with the flexibility they need to create custom workflows for exceptions, statuses and payment actions – benefiting corporate finance departments seeking to improve operational efficiencies and tailor payment processing controls to meet specific compliance goals, said Trintech. An intuitive web interface reportedly eliminates the limitations seen in mainframe-based positive pay and legacy account reconciliation solutions.
Furthermore, being on the .NET framework means that clients can also take advantage of Microsoft’s Swift integration and business intelligence products, according to Trintech.
It is reported that LCM Payments is part of Trintech’s comprehensive suite of transaction management, compliance and financial governance applications spanning the financial lifecycle.