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Description
Any organization that accepts checks as a payment method can take advantage of AQ2 Remittance. This solution is adaptable for companies that handle a modest volume of 25 to 50 checks each day, scaling up to accommodate hundreds or even thousands of checks on a daily basis. By utilizing advanced check capture technology, businesses can drastically lower their operational and staffing expenses. AQ2 Remittance enables users to swiftly send check images and pertinent information electronically, eliminating the need for couriers or frequent trips to a local bank branch. In addition, the burdensome expenses associated with manually recording check amounts on deposit slips, conducting manual research, and distributing physical copies are effectively eliminated. This comprehensive check capture and electronic deposit service is designed specifically for businesses. With AQ2 Remittance, you can seamlessly capture data for efficient uploading into your accounts receivable system, enhancing overall productivity and accuracy. Ultimately, this innovative solution streamlines financial operations, freeing up valuable resources for other critical business activities.
Description
Recognizing the importance of data precision and automation in the fintech industry, Mitek's dedicated research and development teams have introduced an innovative method for check image recognition. This new solution, known as XE™, delivers substantial benefits, such as enhanced straight-through processing rates, by utilizing a recurrent neural network (RNN)-based engine that achieves markedly higher accuracy than competing products. Furthermore, XE™ features a versatile and customizable design that integrates seamlessly into comprehensive payment, omnichannel, and banking systems, enabling automatic identification and extraction of essential check details, including the amount (both Courtesy Amount – CAR and Legal Amount – LAR), date, and payee name, irrespective of whether the writing is in printed form or cursive. Additionally, the toolkit incorporates advanced image quality analysis (IQA) and image usability analysis (IUA) to verify that the check aligns with Check 21 standards as well as other relevant industry and regulatory requirements. This innovative approach positions Mitek as a leader in the fintech space, addressing the growing demand for precise and efficient financial solutions.
API Access
Has API
No
API Access
Has API
No
Integrations
No details available.
Integrations
No details available.
Pricing Details
No price information available.
Free Trial
No
Free Version
No
Pricing Details
No price information available.
Free Trial
No
Free Version
No
Deployment
Web-Based
No
On-Premises
No
iPhone App
No
iPad App
No
Android App
No
Windows
Yes
Mac
No
Linux
No
Chromebook
No
Deployment
Web-Based
No
On-Premises
No
iPhone App
No
iPad App
No
Android App
No
Windows
Yes
Mac
No
Linux
No
Chromebook
No
Customer Support
Business Hours
Yes
Live Rep (24/7)
No
Online Support
Yes
Customer Support
Business Hours
Yes
Live Rep (24/7)
No
Online Support
Yes
Types of Training
Training Docs
No
Webinars
No
Live Training (Online)
Yes
In Person
No
Types of Training
Training Docs
Yes
Webinars
No
Live Training (Online)
Yes
In Person
No
Vendor Details
Company Name
AQ2 Technologies
Founded
1999
Country
United States
Website
www.AQ2tech.com
Vendor Details
Company Name
Mitek (A2iA)
Founded
1991
Country
France
Website
www.a2ia.com/en
Product Features
Accounts Receivable
ACH Payment Processing
Yes
Billing & Invoicing
No
Check Processing
Yes
Collections Management
No
Online Payment Processing
Yes
Overpayment Processing
No
Partial Payments
No
Receivables Ledger
No
Recurring Billing
No
Electronic Data Capture
Audit Trail
Yes
CRF Tracking
No
Data Entry
Yes
Data Verification
Yes
Distributed Capture
No
Document Imaging
Yes
Document Indexing
Yes
Forms Management
No
Remote Capture
Yes
Study Management
No
Payment Processing
ACH Check Transactions
Yes
Bitcoin Compatible
Yes
Debit Card Support
No
Gift Card Management
No
Mobile Payments
Yes
Online Payments
No
POS Transactions
No
Receipt Printing
No
Recurring Billing
No
Signature Capture
No
Product Features
Payment Processing
ACH Check Transactions
No
Bitcoin Compatible
No
Debit Card Support
No
Gift Card Management
No
Mobile Payments
Yes
Online Payments
Yes
POS Transactions
No
Receipt Printing
No
Recurring Billing
No
Signature Capture
Yes