To provide even greater fraud detection capabilities in its industry-leading corporate capture technology, Wausau Financial Systems released its DigitalDepositT 2.1 corporate capture solution, with a successful beta installation at St. Louis Bank.
The top-rated fraud detection and oversight enhancements with the DigitalDepositT 2.1 Transaction Center provide greater control for a financial institution in detecting duplicate suspects, operator corrections, re-scanned items and high risk deposits. The expanded fraud detection capabilities include flexibility for the financial institution in setting fraud control levels for their customers, allowing for lower risk tolerance with new corporate customers. In addition, financial institutions can selectively review, based on the customer's risk profile, instances in which the corporate client increased the amount of a check as compared to what was read by automatic recognition.
The enhanced Wausau DigitalDepositT 2.1 solution also provides remote corporate clients the ability to export images and data more effectively within their local network environments and incorporates image usability checks within the client application, further ensuring the quality of data and images sent for processing. With DigitalDepositT2.1, a financial institution can offer commercial customers both remote check deposit and payment capture solutions.
"St. Louis Bank is committed to realizing the efficiencies that a remote corporate capture solution offers, and Wausau's enhanced DigitalDepositT offering provides us with the strongest fraud protection in the industry," Kim Palmer, Chief Operations Officer for St. Louis Bank, stated. "The new Wausau solution also provides more assurances for our clients in the quality of their data and images for their transaction processing."
"Wausau continues to offer leading proven solutions for our clients in the corporate capture arena," Nancy Langer, President - Payment Solutions for Wausau Financial Systems, explained. "The enhanced fraud detection capabilities for our DigitalDepositT solution further strengthen our resolve to assure our clients' success as they expand their corporate capture offerings. With the solution's maturity and wide deployment, this third-generation offering includes many new features driven by customer feedback."
About St. Louis Bank
St. Louis Bank is a newly established, full-service community bank serving the greater St. Louis metropolitan area. While St. Louis Bank is new, its employees have significant banking expertise serving the area with over 400 years of combined banking experience. St. Louis Bank serves the growing middle and smaller markets by combining the local decision making authority of a community bank with the sophisticated infrastructure and cutting-edge technology of larger banks. Find more information about St. Louis Bank at www.stlouisbank.com.
About Wausau Financial Systems
Wausau Financial Systems is a premier provider of payment and remittance processing solutions. Wausau serves businesses of all types to develop strategies that move money faster. With its products, services and consulting, Wausau works with customers to speed check processing, electronic presentment, ACH payments, transaction processing, distributed capture and enterprise content management. Wausau's innovative solutions provide results for a wide range of organizations including financial institutions, insurance companies, utilities, retail businesses and governmental agencies. Find more information about Wausau at www.wausaufs.com.