MICR Match

Post Check Only Payments in Seconds

Reduce Research for Check Only Payments

This feature is used to reduce research time when processing in checks only mode. The system utilizes a database based on MICR information, retrieves the associated account number(s), and the associated name and amount due for verification (if provided in an appropriately configured file). If the correct number account number is in the list, the operator simply selects it; otherwise the number can be keyed in. A name match file can be imported from your system to help improve accuracy.

The MICR Match feature saves a significant amount of time when processing in Checks-Only mode. During processing (in any mode) the system builds the database based on the routing/transit and bank account numbers scanned from the MICR line on the check and the account number from the associated invoice. Multilevel matching can link multiple customer accounts to a single checking account, or multiple checking accounts to a single customer account.

MICR match typically reduces check only processing time by 70% or more!