WAUSAU Financial Systems Adds Web-Enabled Cashiering Capabilities to Receivables Solution

MOSINEE, Wis., May 3 /PRNewswire/ -- Though customers' adoption of electronic bill payments is growing, in-cash and in-person payments are not going away. Today, WAUSAU Financial Systems announced its ReceivableWorks™ solution is now able to accept additional forms of payment through its cashiering partnership with CORE Business Technologies.

ReceivableWorks™, built on WAUSAU's market-leading retail and wholesale remittance platform, enables companies to aggregate, automate and accelerate receivables across all channels. Now, WAUSAU can accept walk-up/walk-in cashiering payments through its alliance with CORE, which offers a cashiering solution that takes cash, check and debit or credit card payments through its iPayment Revenue Portal.

According to the 2009 F.D.I.C. National Survey of Unbanked and Underbanked Households, more than a quarter of all households either don't have a checking or savings account. In light of this fact, WAUSAU's ReceivableWorks™ hub manages the comprehensive payment demands of today's consumers and with CORE's iPayment Revenue Portal extends its solution for walk-up/walk-in payments to companies in the utilities, insurance and health care markets, as well as government agencies and any organization that desires a local presence for its customers.

"Many organizations in these sectors haven't upgraded their payment processing systems for decades and are in desperate need of improvements," said Kathy Strasser, executive vice president, Solution Management for WAUSAU Financial Systems. "There are still customers who prefer to pay in person and in cash – and this combined solution is about giving consumers options. Through our partnership with CORE, utility companies, for instance, can take walk-in transactions and accept multiple payments options onsite, immediately syncing with the company's receivables system from WAUSAU as well as back-end systems."

WAUSAU's ReceivableWorks™ best-in-class hub combines with CORE's cashiering technology (the iPayment Revenue Portal) to provide a complete solution across all payment channels.

Key features of the cashiering technology include:

• Complete web-based payment capture, posting and auditing capabilities, with fast and flexible payment entry for any kind of transaction
• Simplified daily account balancing, with timely, detailed management reports to guide decision-making
• Comprehensive security for all functions, as well as PCI-DSS level security for hosted deployments

"CORE and WAUSAU are natural partners," said Jeffrey Saucier, general manager, Products and Business Development for CORE Business Technologies. "CORE supplies a key input channel into WAUSAU's receivables hub, providing a full payment spectrum. And from a technical perspective, the similarities with our .NET framework have made for a seamless integration. Business rules in the WAUSAU receivables hub integrate seamlessly with our cashiering system."

WAUSAU will be unveiling the solution at FUSION 2010 May 9 through 13 in Grapevine, TX, where the company has four speaking roles on topics ranging from payments processing benchmarks and trends in health care payments.

About WAUSAU Financial Systems

WAUSAU Financial Systems is a premier provider of payment and receivables processing solutions, helping businesses of all types move money faster. With its products, services and consulting, WAUSAU works with customers to speed check processing, electronic presentment, ACH payments, transaction processing, distributed capture and enterprise content management. WAUSAU holds the No. 1 market share position in retail and wholesale remittance processing solutions. WAUSAU processes more than $1 trillion in payments each year through its work with more than 650 organizations, and maintains more than 30 percent of all U.S. lockbox volume. The company works with 13 of the 25 largest financial institutions, 42 percent of insurance companies with more than 5 million customers and 24 percent of utilities with more than 100,000 customers. More than 200 financial institutions use WAUSAU's remote deposit capture service, and industry consultants Celent and Aite have ranked WAUSAU's remote capture functionality above all competitors. For more information, visit www.wausaufs.com.

About CORE Business Technologies

CORE Business Technologies is a solutions integrator for revenue management.  The company has been a pioneer in developing solutions for managing remittance transactions since 1987.  It has successfully evolved its proprietary, cross-industry PC- and web-based solutions to become the vanguard applications provider for revenue management.  CORE's over-the-counter and over-the-web products continue to set the pace for total capture, posting and auditing control of all types of payment transactions.  CORE is also a solutions integrator for document and network management.  For more information, go to www.ipaymentrevenueportal.com.

SOURCE WAUSAU Financial Systems

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