KANSAS CITY, Mo. - Commerce Bank has selected Wausau as its end-to-end remittance solutions provider. Commerce has signed with Wausau to use Wausau's ImageRPS application for retail lockbox operations.
According to a news release, the ImageRPS solution allows Commerce Bank to implement accounts receivable conversion and image exchange, and enhances exception item processing through the Web Exceptions performance module. The remittance offering also provides Commerce Bank with technology for implementing back office conversion payment processing.
"When selecting the ImageRPS application from WAUSAU, we were looking for enhanced capabilities to process retail lockbox payments and deliver tremendous value for our customers," said Bruce Bienhoff, vice president of Commerce Bank. "At Commerce Bank, we have been processing remittance payments for nearly 60 years, and ImageRPS provides us with the necessary technology to continually provide our customers the most efficient lockbox services on the market."
