VECTOR E-Payments Solution
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This comprehensive, integrated payment processing solution for financial intermediaries
includes powerful translation and payment tools to manage the movement of data and
payments around the globe.
The VECTOR E-Payments Solution consists of:
VECTOR: E-PaymentsTM is an integrated payments processing
product that can provide wire transfer turnaround in as little as three minutes
(from file receipt through translation to receipt of acknowledgement from the Fed).
VECTOR: E-Payments supports a wide range of integrated payments-based banking services,
and is compatible with systems such as image capture (for paper truncation), ACH,
money transfer, lockbox and information reporting.
VECTOR: AdvantageTM supports bank delivery of EDI-oriented
payment and collection services including cross-border payments, healthcare payment
and remittance processing, lockbox merge and payment/remittance reassociation. It
also provides real-time wire interfacing, online error reporting, databanking capabilities,
large file splitting and a robust non-financial translator. Its Electronic Data
Interchange for Administration, Commerce and Transport (EDIFACT) payments module
incorporates the SWIFT and EDIFACT message types to enable global payment processing.
VECTOR: ConnexionTM supports bank delivery of EDI-oriented
payment and collection services including cross-border payments, healthcare payment
and remittance processing, lockbox merge and payment/remittance reassociation. Flexible
setup options provide multiple, customer-specific processing criteria.
VECTOR: Outsource for ECTM is a fully-outsourced, integrated
payables and receipt processing service. Utilizing the same market-leading software
selected by large financial institutions across the nation, it provides comprehensive
payment and collection services including cross-border payments, healthcare payment
and remittance processing, accounts receivable check truncation (ARC), lockbox merge
and payment/remittance reassociation.
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