RIDS On-demand
Many banks are looking to grow their receivables lockbox business but
are constrained due to costly and labor intensive operations. VICOR's Receivables
Information Delivery System (RIDS) On-Demand enables banks to improve their competitive
position by leveraging the efficiency of a proven, industry leading lockbox solution.
VICOR RIDS On-Demand enables the commercial treasury group to offer new lockbox
services providing Bank's with the opportunity of outsourcing the complexity of running
their lockbox operation to Metavante.
The entire supporting and delivery capability necessary for a successful lockbox
service is managed in a secure and state-of-the-art data center with qualified personnel.
Metavante maintains SAS 70 approved facilities and networks to ensure that customer information
is available only to those employees that have approved access. The banks gains from Metavante's
years of experience in delivering reliable transaction processing services in mission-critical environments.
VICOR RIDS On-Demand helps customers grow their lockbox service through offering additional high value
services like keying, image transmission and web output while reducing their cost of overall lockbox operations.
VICOR's RIDS On-Demand Service includes:
- Wholesale payment and remittance processing
- Retail payment processing
- Healthcare payment and remittance processing
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