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Check out our reservoir of information related to check recognition and healthcare payment technologies. We frequently update this section with the latest news, trends, and analysis of the banking and healthcare industries.

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Platform Modernization

Both the financial and healthcare industries are undergoing modernization initiatives in check payments and remittance.  See how OrboGraph is using AI, self-learning and deep learning models to drive innovation in these industries to deliver workflow automation.

Healthcare Payments

OrboAccess automates remittance and payment posting as well as enables full research and business intelligence analysis for RCM companies, clearinghouses, billers, and providers.

Check Processing

OrboAnywhere automates paper originated payments (i.e. checks, money orders, drafts) and remittances for balancing and posting while reducing risk and losses in the areas of check fraud, payment negotiability and compliance.

It may come as a surprise to those outside of the payments industry, but handling cash — real dollars and cents — is actually not an effortless “default mode” for retail businesses. In fact, as illustrated at RetailSupplyChains.com, handling cash is a complex, potentially expensive process:

Where there is a cash, there is a cost, and some of that is absorbed in the day-to-day running of a business: cashing up at the end of the day, issuing floats for shift changes or cash loss investigations, to name a few. It is critical that brick and mortar stores have visibility into these activities to be successful. By investing in cash management technology, merchants can reduce any unnecessary costs that don’t contribute to the bottom line.

Like check payment management, cash handling requires technological solutions — in this example, Numus Cash Payments Service — to optimize processes:

Numus Cash Payment Service is ideal for environments with a lot of cash transactions such as restaurants, fashion shops, convenience stores and supermarkets. The Numus solution automates cash management and eliminates time-consuming tasks such as counting cash, preparing deposits, managing float levels, investigating discrepancies, doing manual reconciliations, change money handling or managing CIT collections – basically anything related to cash. “We do cash as a service, so we are a cash payment provider who handles all of your cash payments from till to bank,” says Maxim Schoew, who is responsible for Business Development at Numus.

For merchants, cash is handled like a credit card. “Every cash payment goes to the till and is immediately booked into your account,” says Schoew. After each transaction, what follows becomes Numus’ responsibility. Similar to card and mobile payment residuals, all of the cash management is taken care of for a small fee, which is a percentage of each cash transaction.

Just like technology for check processing, automating the cash handling process is key in a platform modernization strategy. There are even solutions such as Vault from Digital Check that allows organizations the flexibility of processing checks alone in a back-counter environment or to process checks, cash, and coin in an integrated transaction.


This blog contains forward-looking statements. For more information, click here.

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