Gartner Research

BancTec PayCourier Retail for Remittance and Transaction Processing

Published: 10 August 2001

ID: G0089987

Analyst(s): Stessa Cohen

Summary

BancTec's PayCourier Retail, a remittance-processing solution for retail and wholesale lockboxes, has a browser-interface and Web access, providing a new channel for banks to deliver services to their lockbox customers with less expense. But PayCourier is not just for banks. Businesses such as utilities and credit card companies can also use PayCourier to process paper and electronic bill payments as an integrated part of the payment stream. A built-in workflow engine also speeds processing. The wholesale lockbox module adds sophisticated receivables-matching functionality. How does a remittance solution adapt to the changing payment environment? One way is to facilitate check and list processing. BancTec introduces this functionality in its latest release.

Table Of Contents
  • Corporate Headquarters
  • Overview
  • Analysis
  • Pricing
    • GSA Pricing
  • Competitors
  • Strengths
    • Market Share and Industry Recognition
    • Integration With the Internet
    • Strong Workflow Component
    • Automated Receivables Matching
    • Range of Financial Institutions and Businesses
    • Pursuing Partnerships
    • Not Just for Financial Institutions
  • Limitations
    • Restricted Transports
    • Late Web Entry
    • Company Viability
  • Insight

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