Intersystem Transfer System features comprehensive funds availability verification, a variety of comprehensive warehouse capabilities, variable payment generation, standing order payment functionality, debit authorization processing and generation of general-ledger transactions for work-in-process accounting. A vendor file serves as a depository of account information for high-volume transfer accounts, and a comprehensive set of reports provides an audit trail of transfer transaction activity.

The banking software system performs balance checking on the debit side of transfer transactions before the credit is released. Double transfer transactions and, optionally, single transfers generate general ledger totals for processing in FIS' Financial Management System.

This global banking software supports the euro and other international currencies, and is compatible with double-byte character-set and other languages for use by financial services organizations worldwide.

Features

• Automated Clearinghouse (ACH) processing for multiple types of ACH output batches
• Processes application account file data for originating maintenance transactions
• Transfer validation and release of maintenance data for the receiving application
• Supports the British Bankers Automated Clearing System (BACS) interface
• Multi-organization processing
• Multicurrency accounting
• One-time payment transactions
• Online balance checking
• Warehousing of future-dated items