LCM Payments Software for Financial Institutions

Payment Lifecycle Management for Account Reconciliation & Positive Pay

Today, your financial services organization can differentiate itself in the marketplace by offering LCM Payments to those clients that drive the success of your business.

LCM Payments is a fully-integrated, web-based, treasury management services solution that will automate more of your commercial and/or corporate clients’ core financial business processes than existing ARP legacy systems.

LCM Payments will enable your clients to more effectively and efficiently manage their payments, resulting in reconciliation cost reduction, mitigation of risk, and improved compliance associated with corporate disbursements. Additionally, LCM Payments provides you with a new product capability that will drive fee income growth.

Key Features

• Full view of entire payment lifecycle, not just the current status
• All payments, such as wires, ACH, and converted items are included in the reconciliation process, not just checks
• Fully integrated platform including web-portal for positive pay decision capabilities, and more
• Image- and web-enabled with built in file conversion and teller positive pay capabilities
• Highly configurable reporting and dashboard capabilities

"For the first time in a generation, there is an alternative to a 20-year old legacy ARP and positive pay reconciliation platform."

Checks, Wires, ACH Transactions, and More

LCM Payments provides advanced business workflow, reconciliation, and analysis for all payment processes, including: Full ARP, Partial ARP, Same/Next Day Positive Pay, Teller Positive Pay, and Payee Positive Pay. Manage all payment activity (checks, wires, ACH transactions) daily, rather than monthly, including DDA account activity such as deposits, service charges, adjustments, and NSF fees.

Customizable and Flexible Solution

With LCM Payments, exceptions can be configured and processed differently for each of your customers based upon their unique requirements. Flexibility continues through the systems’ Payment History, providing visibility into the entire lifecycle of the payment, including any current and evolving payment system convergence.

Complete Audit Trail and Real-Time Processing and Reporting

LCM Payments offers the utmost in security and control. All activity is recorded providing a complete audit trail of transaction histories, account edits, access reports, and system overrides. Track monthly usage trends and offer your customers new pricing options based upon transaction volume or other metrics. Real-time processing, reporting, and workflow capabilities allow users and customers to make decisions, perform adjustments, submit updates, or investigate exceptions online with immediate results. Image retrieval is also supported, facilitating the rapid detection and resolution of exceptions.

High-Performance Automation

• Offer increased service levels and reduce processing backlogs
• Improve productivity and eliminate period-end inefficiencies
• Eliminate manual error, increase accuracy, and reduce exposure to risk
• Reduce ARP/positive pay delivery costs
• Eliminate need for third party issue file conversion services

» learn more about LCM Payments features