VT-based CONIX Systems has unleashed TCMx, which integrates bank settlement of all payment types across all payment channels. TCMx provides both monitoring and settlement for check, ACH, mobile, RDC, image exchange, wire, and other payment systems, including return items and adjustments.
“One of the key benefits of our next-generation settlement product stems from its capability of taking input from various platforms,” explains Mike Charles, CONIX CEO. “This greatly simplifies parallel testing during item processing conversions and also facilitates testing on new platforms.”
As financial institutions migrate from their legacy check systems to new payment platforms, they require a settlement solution that will work across payments of all types and accommodate input from various payment platforms. The product also provides built-in interfaces for multiple platforms, including FTM, VisionIP, and others.
CONIX’s mainframe product, The Control Machine (TCM®), has been used by the majority of large U.S. banks for over 20 years. CONIX’s new server-based settlement product provides the most popular functions of its legacy product, including
Unit of work balancing tools
Tracking and accounting of transit holdover
Automatic option to offset debits/credits
End of day general ledger extracts
TCMx also includes many significant features to integrate and streamline bank settlement across the enterprise. A few of these features are
A real-time dashboard that accommodates different devices (tablets, smart phones, etc.)
Additional extracts including item-level options
Enhanced search capabilities (localized and system-wide)
Real-time transaction API for P2P payments, website transfers, mobile deposits, teller transactions, etc.
Founded in 1992, the company is headquartered in Townshend, Vermont with offices throughout the United States.
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