RIDS Retail

RIDS Retail enables remittance processors to capture and package retail payments using a variety of image and data capture devices and to provide enhanced customer payment reporting. RIDS Retail is available as a stand-alone remittance processing platform or as a fully integrated module of VICOR’s Receivables Information Delivery System (RIDS). RIDS Retail captures and packages singles, multiples, and correspondence items at high speed and employs advanced optical character recognition (OCR) and intelligent character recognition (ICR) technologies to reduce data entry labor. In addition, a Forms Processing application can be used to expedite data entry on forms. RIDS Retail supports credit card processing, returned item processing, and ARC. Publishing options are highly automated and customer-defined, and include delivery via the Internet, CD-ROM, DVD, BAI transmission, fax, or printed reports.

RIDS uniquely positions our customers to offer fully integrated comprehensive payment data across all paper and electronic channels. VICOR’s products provide the optimal solutions for today’s complex processing requirements, with a transition path to incorporate evolving electronic payment processing requirements when ready.

RIDS Retail offers processors with both wholesale and retail lockbox business a cost-effective, feature-rich solution on a single platform. By incorporating retail functionality with our wholesale solution, processors can increase efficiencies and opportunities for revenue growth, while providing more informational value and delivery options to their corporate retail lockbox customers.

To simplify operational management of their wholesale and/or retail lockbox business, VICOR provides complete development, installation and end-to-end support and maintenance for all hardware and software across all product modules. As standard interfaces, security protocols, and equipment are used throughout the integrated VICOR system, support is streamlined.

RIDS Retail provides both processors and their corporate clients with proven and significant benefits.