Trustar Retirement Services Enhances Operational Efficiency with RemitPro Check Conversion Solution

Trustar Retirement Services using Remitpro to enhance operational efficiency by converting paper checks to electronic transactions.

Omaha, NE (PRWEB) May 10, 2004 --RemitPro, a service bureau specializing in money movement and risk management, and Trustar Retirement Services, a national third party administrator (TPA) of individual retirement accounts (IRAs) and qualified retirement plans have entered into an agreement for check conversion services.

RemitPros eRemitPro service is a check conversion solution that converts paper checks into electronic transactions. The Accounts Receivable Conversion (ARC) application enables companies and financial institutions to process payments electronically while preserving the customers option to pay by remitting a check. Under the ARC rules, a paper check that a consumer mails, or delivers to the company may be converted into an ACH debit. Trustar will utilize the eRemitPro solution to electronically capture payment information, including the routing and account number. The payment information is then used to create an ACH debit to the consumer's checking account.

The benefits include faster processing through the ACH Network resulting in faster funds availability, faster NSF return notification, reduced check handling and clearing costs, reduced number of NSF and fraudulent checks, and a faster reconciliation, settlement and depository time frame.

Providing a faster and more secure electronic method to process paper checks is a tremendous benefit to Trustar," said Art Bacci, CFO of Trustar. eRemitPro will enhance our ability to service our customers and will drive speed and efficiency into our operation. Trustar is excited about working with the RemitPro technology and gaining the efficiencies that ARC provides."

RemitPro specializes in customizable solutions for the brokerage and insurance industry," said Jana Waughn, President of RemitPro. Our expertise ensures that Trustar is equipped with a customizable solution that fits their check processing needs."

About RemitPro:
RemitPro is a service bureau providing funds processing and risk management services to the securities and insurance industries. RemitPro offers Web-enabled ACH and check conversion services to facilitate the movement of money. RemitPro also offers comprehensive risk management for USA PATRIOT Act Compliance including Know Your Customer Identity Validation, OFAC Screening and Anti-Money Laundering surveillance tools.

For more information about RemitPro, please visit our website at www.remitpro.com or call us at 1-402-505-7722.

About Trustar:
Trustar Retirement Services is a national third party administrator (TPA) of individual retirement accounts (IRAs) and qualified retirement plans with 25 years experience in the retirement plan industry.
Trustar offers affordable trust, administration, and compliance services for tax-advantaged brokerage accounts. Trustar is among the largest non-deposit trust companies in the country, serving as trustee to more than 200,000 retirement and savings accounts holding in excess of $10 billion in assets. Over the past 25 years we've expanded our product line-up beyond our roots in the traditional IRA market to nearly all tax-advantaged savings accounts.

Trustar Retirement Services is a trade name of Delaware Charter Guarantee & Trust Company, a member company of The Principal Financial Group® (NYSE:PFG).

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