CONIX Introduces Full-Bank Settlement System for All Payments, All Channels

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Settlement and monitoring for check, ACH, mobile, RDC, image exchange, wire, and other payment systems, with interfaces for multiple platforms.

“One of the key benefits of our next-generation settlement product stems from its capability of taking input from various platforms. This greatly simplifies parallel testing during item processing conversions and facilitates testing on new platforms.”

CONIX Systems, Inc. (CONIX), a leading provider of technology solutions to the financial industry, announced today the introduction of TCMx. TCMx integrates bank settlement of all payment types across all payment channels.

As financial institutions migrate from their legacy check systems to new payment platforms, they require a settlement solution that will work across payments of all types and accommodate input from various payment platforms. TCMx provides both monitoring and settlement for check, ACH, mobile, RDC, image exchange, wire, and other payment systems, including return items and adjustments. The product also provides built-in interfaces for multiple platforms, including FTM, VisionIP, and others.

CONIX’s mainframe product, The Control Machine (TCM®), has been used by the majority of large U.S. banks for over 20 years. CONIX’s new server-based settlement product provides the most popular functions of its legacy product, including

  •      Unit of work balancing tools
  •      Tracking and accounting of transit holdover
  •      Automatic option to offset debits/credits
  •      End of day general ledger extracts

TCMx also includes many significant features to integrate and streamline bank settlement across the enterprise. A few of these features are

  •      A real-time dashboard that accommodates different devices (tablets, smart phones, etc.)
  •      Multi-bank capability
  •      Item-level “drill-down”
  •      Additional extracts including item-level options
  •      Business rules
  •      Enhanced search capabilities (localized and system-wide)
  •      Real-time transaction API for P2P payments, website transfers, mobile deposits, teller transactions, etc.

“One of the key benefits of our next-generation settlement product stems from its capability of taking input from various platforms,” explains Mike Charles, CONIX CEO. “This greatly simplifies parallel testing during item processing conversions and also facilitates testing on new platforms.”

About CONIX Systems, Inc.
CONIX (http://www.CONIX.com) is a leader in providing payment processing software and related services to the financial services industry. CONIX’s Detective Suite™ consists of enterprise risk management solutions that help financial institutions intercept and dispose of fraudulent and duplicate transactions, as well as assess customer risk for RDC, mobile, and other payment options. Founded in 1992, the company is headquartered in Townshend, Vermont with offices throughout the United States. For more information about CONIX and its products, contact us at (800) 332-1861 or sales@conix.com.

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Tina Ward
@conixsystems
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