Cross-payment Platform Provides Check 21 Compliance for Banks
Pegasystems has released PegaBANKING Smart Adjust 4.1, a cross-payment platform for automating payment exception handling. The platform addresses exceptions in check, ACH, debit card, ATM and other areas. New features include the ability to process substitute checks and automate handling of ACH disputes. Smart Adjust 4.1 has been built to help US banks comply with the new Check Clearing for the 21st Century Act (or Check 21) regulations, by providing the capabilities necessary to handle substitute checks as well as paper checks, check images, ACH and other electronic payment types. Smart Adjust handles disputes, errors, and issues across all types of payments.