The platform will also support robust search capabilities and event notification options, providing customers with a viable interactive receipts management tool. For example, customers who want to know when a particular payment is received by the bank can request the system to notify them automatically, a process commonly known as event notification. Customers can also select how and when to be notified on a daily basis. This feature is especially useful to customers who want notification of a particular payment one day, and notification of payments over a certain dollar amount the next. Finally, the new platform will generate color images of remittance documents, regardless of size or shape.
Color provides a clearer copy of green bar paper that is often used in the invoicing process.
Sharper images of handwritten notes or markings that often explain payment terms or discounts taken make it easier to resolve discrepancies between the invoice amount and the actual payment. We are extremely pleased to have this next generation of Lockbox imaging within our grasp. With primary retail and commercial banking operations in 16 states and the District of Columbia, NationsBank provides financial products and services nationally and internationally to individuals, businesses, corporations, institutional investors and government agencies.