Payee Name Extraction

UNDERSTAND YOUR CUSTOMERS

In today’s environment, financial institutions need to maximize their ability to cross-sell products and services to maintain revenue and ensure customers have the solutions they need to succeed. That means having the data needed to gain insight into your customers’ spending habits. SENTRY: Payee Lift™ can help capture that information.

SENTRY: Payee Lift™ extracts data from checks, including the payee name and date for specialized statements and data mining. The system then provides an output file of extracted data which can be fed into a workflow.

SENTRY: Payee Lift™ extracts data from checks, and then sends a file of extracted data into a workflow. The system will:

• Display processed check images
• Lift payee name, date and amount
• Automatically confirms payee name to known vocabulary
• Create output files of lifted data
• Show a workflow for review of check image and data
• Generate reports
• Create specialized customer statements