BancTec is the market share leader in the outsourced payment slip, or GIRO processing arena, helping to increase productivity, promote customer services and improve the processing environment. Our development experience and competitive strategies in European markets — as well as BancTec’s proprietary reader, sorter and camera technology — make us an indispensable partner.

Using the BancTec GIRO service, once remittance is made, billing companies require records to indicate which individuals have paid their bills. Instead of manually sorting these items and keying additional information, BancTec transforms the process. Now, the BancTec service can generate a statement, or ‘deposit note’ to be sent to the issuing company — not only eliminating a surplus of wasted time, but providing easier record-keeping down the line. The BancTec service also eliminates the need for microfilm, moving all data online and enabling quick and efficient responses to customer requests for archived information.