Similar to identity theft, this type of fraud happens when an unauthorized individual gain access through online banking applications, capturing the account information to create and write bad checks.
Account-centric enterprise content management solutions allow users to access account holder information based on their account numbers.
An adverse action notice is a document sent to a loan applicant stating a bank’s rationale for denying a loan. It may also contain a counteroffer, such as a lesser amount or a request for an approved co-borrower.
The term “aging exceptions” refers to a group of critical exceptions that have not been resolved within a reasonable amount of time.
Altered check fraud occurs when a fraudster changes the amounts and Payee from a stolen check.
API is short for “application programming interface.” Technology companies like Alogent rely on APIs to connect multiple software applications, thereby enabling a two-way exchange of information to support users’ needs.
Audit and exam prep is a process that financial institutions go through in order to adequately prepare for upcoming audits and exams.
An authorized signer form is a document that allows an account holder to grant a range of clearance levels to individuals to perform certain functions within a bank account.

In banking, the term “front counter” generally refers to activities performed by staff while the customer or member is present. Tellers are responsible for numerous front-counter duties, including processing account holders’ deposits.

Payment Processing & the Front Counter

When discussing the topic of payment processing, front counter can also describe a specific type of technology for enabling teller capture. Front-counter applications sit between financial institutions’ teller systems and scanning devices to help tellers efficiently complete payment-related tasks. Front-counter systems provide features that:

  • Synchronize the teller system and connected scanning devices
  • Make it easy to use the teller system to “wake” connected scanners
  • Communicate scan job information to the teller system
  • Move check image and data to the next stage in the payment workflow

Front-Counter Solutions

Some financial institutions rely on their core banking provider for teller software and front-counter technology. Being able to manage fewer vendors is one obvious advantage of this approach. However, opting for core-provided solutions makes the institution increasingly dependent on a single tech vendor.

Other banks and credit unions prefer to look beyond their core’s native offering, thereby unlocking additional opportunities for innovation. For example, connecting Alogent’s Unify to a third-party teller system is one option for streamlining branch and teller capture. In addition to serving as an interface between a financial institution’s teller system and scanners, Unify also delivers a single API that can be used across Day 1 and Day 2 channels.

Access Additional Payments Resources

Visit Alogent’s Innovation Hub to browse multiple industry papers about payments. Watch on-demand videos, read our blog, and view other helpful resources from Alogent.

Explore more resources

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