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transmodus Adds RDC Platform Tools For Financial Institutions
OXNARD, CA—September 20, 2010—transmodus – a technology leader in network-enabled remote deposit and check management automation, today announced the addition of FItools (http://transmodus.net/jcx/fitools) to their platform. These tools are fully integrated with the transmodus remote deposit (RDC) platform and provide financial institutions with higher levels for control over the delivery of RDC; including risk management and compliance.
Our banker-controlled FItools integrates banks and their clients to utilize all the features of the transmodus RDC platform. This provides bankers with an online interface empowering them to initiate a simple, nearly effortless process to register, install, activate and train new RDC clients. The FItools interface also provides banker settings for risk management to flag any account if preset limits are exceeded.
Alerts and online tools provide the option for decision making at an item level before the deposit (X9.37 file) is submitted to the institution. This solution provides FI users with the tools to meet the technical and risk-related challenges for their widespread success of remote deposit. FItools is delivered and managed online, enabling a bank to keep their current RDC solution with the added benefit of being able to access and deliver the best RDC fit on a client by client basis.
"The tools to manage the relationships required to deliver RDC and check management solutions on a wide scale have come together on our platform of complimentary solutions. We consider the client, the bank, a sales channel and integrated software partners. Our FItools delivers the banker a complete tool set for the control and collaboration they need to optimize RDC to gain and retain deposits," says Robert
"Jay" McShirley, CEO of transmodus.
The banker can set limits by account which will alert them to items that exceed those settings. This level of control enables the banker to provide approval of those items before they are deposited via an x9.37 file. These controls can be set by the bank administrator to accommodate regional, departmental and branch level execution.
The site (http://transmodus.net/jcx/fitools) provides further information as well as a video that shows the site in action. The service pricing and terms are available upon request by sending an email to fitools@transmodus.net.
About transmodus
transmodus provides a network-enabled platform that delivers check and eCheck services automation. The company provides a complete processing platform solution for clients, check processors, collection agencies, district attorneys, and bank partners. transmodus launched the first On-demand check processing platform in 2002 and has positioned itself as a leader by listening carefully, thinking ahead, and moving forward with purpose.
For more information please visit http://transmodus.net.
Forward-looking Statements: This press release may contain statements of a forward-looking nature which represent our management's beliefs and assumptions concerning future events. Forward-looking statements involve risks, uncertainties and assumptions and are based on information currently available to us. Actual results may differ materially from those expressed in the forward-looking statements due to many factors. We undertake no obligation to update any forward-looking statements to reflect events or circumstances that may arise after the date of this release.
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