ISIS Papyrus Software

Case Study: Banking Group Optimizes Secure Payment Processing

In benefits, solution on February 2, 2011 at 8:51 am

The introduction of new financial instruments, standards, procedures, and infrastructure in the European financial markets has made the  requirements for paper-based and electronic payments immensely demanding: timely and highly efficient processing, easy clarification of ambiguities and a concurrent overview both in the day-to-day business and in an archive under auditing security.

One of the major European banking groups implemented a Papyrus Capture end-to-end solution to automate its complete processes of recording payment documents from scanning in more than 100 branches all over the country with Fujitsu Desktop scanners including endorsement to archiving in the Papyrus WebArchive. Stages in-between consist of the secure transfer via the heterogeneous network to the central processing office, the classification according to 5 basic transfer types with more than 80 related forms and text recognition of documents not suited for OCR/ICR.

Before being posted to the bank’s accounting system there are strict validations like checking the correctness of the international bank account number (IBAN) and comparing it to available databases like customer accounts and a two-tier manual process of data recording and checking to ensure absolutely correct records.

Special emphasis was placed on ergonomic and high-performance data recording: Papyrus EYE enables the definition of identical interfaces for Desktop and Portal. In the case of ambiguities they allow to add stickers (like you had them on paper) at the exact position with a written note for further clarification from the referring branch.

By introducing this innovative application the bank can now quickly and automatically process tens of thousands of payment documents per day and enjoys the following benefits:

  • Concurrent overview of all process stages
  • Optimized balance of resources by distributed scanning and centralized data recording and processing
  • Integrated security through encryption, role-based access rights and secure archiving

The bank has also made an efficient and future-proof investment as the solution from ISIS Papyrus is easily scalable to growing volumes.

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