Wednesday 12^th March, 2014

Top Image Systems (TIS), has launched ‘MobiREMIT’, a new mobile application for automated remittance processing and payment via mobile devices using the TIS's Mobile Imaging Platform.  

The new app shortens this processing cycle and makes funds available faster. The first step is mobile capture of both payments and remittance advices in one digital envelope, which reaches the processing centre in real time; then the cheque image can be transferred for immediate deposit. Automatic recognition and processing of semi-structured remittance advices reduces the time, investment, and errors associated with manual data entry of such paper forms.  

MobiREMIT is the latest addition to the Top Image Systems’ mobile imaging solution portfolio, along with MobiCHECK, MobiPAY, MobiFLOW. TIS offers both stand-alone mobile applications that can be activated or embedded in other mobile products, as well as mobile image processing as part of the company’s flagship eFLOW® multichannel capture and workflow solution.

Isaac Rome, VP Global Banking and Mobile, Top Image Systems said:  "The mobile workforce today wants to be able to process payments in the field at the time of delivery to eliminate processing delays on accounts receivables and improve cash flow. Our ability to accurately process payment methods, such as check or credit card payments, together with mobile recognition of remittance advices on a mobile device provides great added value".