Financial institutions must keep pace with the products and services their customers demand, while simultaneously reducing costs, improving efficiency and protecting against the ever-present threat of fraud. ARP/SMS™ from Fiserv helps you meet all of these goals, while also providing an easy, cost-effective way to expand your treasury management offerings for clients.
ARP/SMS (Account Reconciliation Package/Service Management System) is a hosted, real-time positive pay and reconciliation system that streamlines back office operations, reduces the risk of fraud and enables you to provide broader services and new treasury management offerings.
The ARP/SMS payment management system enables your staff to perform all maintenance, adjustments, additions, balancing and control requests online in real time. Staff can even make corrections and updates to balances immediately. Deposits can be matched for true deposit reconciliation, not just deposit reporting. ARP/SMS posts all transactions to an integrated database, including exceptions and rejections. You can retain a complete history of every processed item for an extended period of time.
By using ARP/SMS for these back office operations, you can lower your fixed costs and move to a predictable, volume-based cost model. You gain access to leading financial services technology and dedicated resources from Fiserv, without having to invest in purchasing and operating the required systems yourself.
A full suite of real-time positive pay and account reconciliation services, including next-day and same-day positive pay, positive pay on accounts with no issue input, and partial and full deposit reconciliation.
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