Post Date Management

Track and reconcile each individual post dated check with ItemAge Express

Standard Post Date Management

Creditron offers pre-processing of post dated cheques as a standard feature of ItemAge Express software. In this mode the cheques may be processed as a batch for a given future date in order to reduce workload on peak processing days. Cheques are encoded, endorsed (with the future date) and prepared for deposit, but not uploaded as payments until the day they are due.

Advanced Post Date Management

In addition to the standard method of handling post dated cheques, Creditron also offers an optional Advanced Post Date Management Feature. This feature actually tracks and reconciles every individual post dated cheque which is received. Complete transaction information for each cheque is stored in a database to facilitate inquiries, postponements, and return requests.

Post dated cheques are entered on the date received (usually after the deposit of current cheques has been completed). The system will endorse the cheques for security, and they can then be manually sorted in an accordion file by date. A "notice only" file may also be sent to the host on the date of receipt.

While cheques are physically stored awaiting their due date, the data related to each cheque (including the image if the system is image capable) is stored in an easily searchable database. This means inquiries can be performed for collection purposes, or for return requests.

At the beginning of each processing day the system will indicate the number of post dates coming due that date, and prompt the operator to load then into the automatic feeder. The system will then automatically feed, read, reconcile, encode, and audit trail the cheques. If a cheque is missing the system will identify the missing item and provide both the transaction information and an image of the missing cheque. Any cheques which are processed that are not due that day (such as a cheque which has had it’s deposit date postponed) are automatically outsorted.