Payment Processing

Benefits of MirrorImage Payment Processing
  • Reduce time and costs – save time preparing deposits, cut costly courier fees or trips to the bank.
  • Make deposits anytime  from anywhere – enjoy the convenience of making deposits electronically 24 hours a day,
    7 days a week—even weekends.
  • Improves funds availability – by making deposits electronically your transactions may be processed sooner
    thereby accelerating the availability of funds.
  • Consolidation of financial institution relationships – eliminates the need to have multiple deposit accounts at
    different banks.  Simplify your accounts to a single banking relationship.
  • Multiple locations – scanners can be installed at any location enabling every location to deposit checks into a
    common business account.
  • Export capability – integrates deposit information with your accounting system.
  • Check copies – no need to photocopy checks as images are stored electronically and can be printed if needed.
  • Reduce errors – MirrorImage Payment Processing courtesy amount recognition (CAR) and legal amount
    recognition (LAR) reduces keying errors and the need to input check amounts.
  • Reduce risk of check fraud - faster check clearing may allow you to act sooner on returned checks, increasing
    your opportunities for collection.








How does it work?
The checks and payment coupons are stacked by transaction and fed through the scanner for imaging and information
capture. The system uses MICR, CAR/LAR, ICR, OCR and or barcode to recognize data.  This data is then used to
populate the required fields for the accounting system and to create the electronic deposit. MI Payment Processing can
detect check boxes, compare fields, verify presence of data in fields, and invoke actions based upon information read. If
there is information on the payment coupon, MirrorImage Payment Processing interprets the data and takes action
based on the defined requirements.

The transactions are balanced and exported into files formatted for importing into your account receivables system and
for electronic depositing to your bank.

If your business uses payment coupons we can demonstrate an affordable, quick and easy solution to significantly
reduce time and expense associated with payment processing.

For more detailed information  contact us to schedule a demonstration