Regulus Adds Image Cash Letter to Suite of Electronic Services

Regulus has partnered with a worldwide financial services provider for a successful pilot of image cash letter deposits. Regulus can now forward an electronic image cash letter instead of paper checks for clearing through paying banks.

(PRWEB) June 19, 2005 -- Regulus, the nations largest single provider of bill presentment and remittance processing, has partnered with a worldwide financial services provider for a successful pilot of image cash letter deposits. Regulus can now forward an electronic image cash letter instead of paper checks for clearing through paying banks. This latest addition to Regulus' solution builds naturally on existing electronic settlement expertise.

This further solidifies our industry leadership in the evolution from paper to electronic processing," says Kathy Hamburger, Regulus President and COO. "Our continuous investment in electronic capability means our clients save time and money. As a leader in the payment industry, Regulus is extremely energized once again to be on the forefront of Check 21 opportunities."

Electronic cash letter functionality builds on the Regulus foundation of innovation in transitioning clients to the benefits and efficiencies of electronic payment channels. Electronic cash letters allow Regulus clients to deposit into any financial institution from any lockbox facility within the national Regulus network. Transportation costs are reduced while processing windows and the number of available deposits expands. Client specific business rules are created to customize and leverage the benefits of both ACH and image exchange. New services are in development to take advantage of the flexibility of paperless processes providing Regulus clients with unmatched functionality and control over payments.

Regulus is uniquely positioned to guide corporations through the dramatic changes sweeping the industry as a result of the Check 21 legislation. The company was first to market with ARC, and is the only transaction processor able to seamlessly move large volumes of both paper and electronic transactions, uniting the entire billing and collection cycle under one roof.

About Regulus

Headquartered in Napa, California, Regulus (www.regulusgroup.com) is the nations premier transaction processing company, focusing on critical financial document printing and remittance processing. The company specializes in moving large volumes of paper or electronic customer transactions, uniting the entire billing and collection cycle under one provider.

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