MANCHESTER, Vt. (CitizenWire) — Banks that focus on reducing the impact of exception items in their payment processing operations by moving Day 2 processes to Day 1 can achieve decreased costs, more effective risk management, and improvements in auditory compliance, according to CONIX Systems, Inc., which developed content for the upcoming June 8 BAI webinar entitled, “Acceleration of Exception Payment Processing: ‘The Next Big Thing.'”
CONIX Systems, a leading international provider of payment processing solutions to the financial services industry and a pioneer in the acceleration of exception processing, is organizing the webinar as a service to the industry.
Key contributors include noted attorney and bank payments expert Paul Carrubba, Data Support Systems President and Founder Carl Bortol, BB&T payments executive Tim Dillow, and Symcor payments processing professional Cyndi Rhodes. The webinar will cover the Current Post-Check 21 Payments Environment, the Benefits of Accelerated Exception Processing, a phased approach to Accelerated Exception Processing, and a view of the Future of Exception Processing. Tina Ward, CONIX Systems product specialist and a 15-year payment processing solutions veteran, will moderate the discussion.
“Payment exception items have been a nuisance for generations of bankers, regardless of whether they are the result of fraud, individual error, or the outcome of an institution’s systemic malfunction,” said Frank Stokes, president of technology, CONIX Systems. “However, as check images enter the payments stream in exponentially greater volumes and payment forms proliferate, exception processing is becoming an area of elevated concern.”
“Exception processing acceleration should take center stage as an opportunity for transformational improvement to banking and payment processing,” added Stokes.
Webinar attendees will learn:
* Immediate and long-term opportunities achieved by accelerated exception payments;
* Benefits of implementing accelerated exception payments, including the more effective deployment of operation staff, effective use of return processing windows, and accelerated clearing and fraud identification through an industry-wide collaboration to share information.
Additional information regarding the webinar is available through BAI at http://www.bai.org/events/webinars/details.aspx?ec=0165&et=webinars .
About CONIX Systems:
CONIX Systems, Inc. (www.conix.com) is a world leader in providing payment processing software and related services to the financial services industry. The company’s products perform key processing tasks for an estimated 100 billion paper and electronic items each year and handle virtually every aspect of payment processing – including work flow management, exception processing, early fraud detection, and image exchange. CONIX software and services are used by approximately 90 percent of the largest banks in the country. Founded in 1992, the company is headquartered in Manchester, Vt., with offices throughout the United States.
CONIX Systems is a Microsoft Gold Certified Partner and a member of IBM’s PartnerWorld for Developers.