Endpoint Decisioning – Banks will optimize float advantage with cash letter schedules that are driven from one location, allowing additional item volume and a deeper window for scheduling.The float department can manage the optimal sort decisioning through the use of a GUI without involvement from sort pattern programmers.
Consolidation – PDM queries all balanced entries to retrieve all items for the specified endpoint. To simplify distribution, PDM consolidates them into a single cash letter to simplify distribution for outbound cash letters and internal posting files.
Distribution – PDM allows all balanced On-Us and transit work to flow through the system without involvement from legacy check processing systems. Direct exchange relationships and conversions to ACH have new flexibility as a result of distribution from PDM.
Settlement – Settlement provides processing totals and details from the consolidated database. Operators use the data to monitor work and to support settlement processing for all work routed to internal applications, image cash letters, or ACH channels.
Extract – PDM provides an integrated extract system that produces ICRE and MCRE files and customized internal files required by downstream core applications at the bank.
Product highlights include:
