Case Study — Westpac New Zealand Utilises Multiple Prismac Solutions

Over the years Prismac has provided Westpac New Zealand a number of systems to process cheques, remittance advices, and other forms of payments, interfaced to its mainframe systems.

Value on Negotiation System

For over 15 years Prismac’s Value on Negotiation (VON) system has been processing foreign cheques and deposit slips. As technology advancements have become available this solution has been upgraded to keep up with increasing volumes and Westpac’s productivity needs.

Repository Extract System

Prismac’s Repository Extract (RE) system provides Westpac with the ability to extract images and associated remittance, item and in-clearings data from the Capture Repository database for specified clients. RE can write the extracted data to a CD or re-format it for Westpac clients to import into their own database.

Centralised Dishonour Reporting System

Prismac’s Centralised Dishonour Reporting System (CDRS) creates customised letters with the cheque image and MICR line for transmission to Westpac’s clients, advising them the status of presented cheques which have been dishonoured. Prismac project managed the CDRS project, developing a user requirements document in conjunction with Westpac’s staff, producing a detailed functional specification for approval, hosting regular project meetings with all parties, performing development, preparing end-user documentation, conducting user-acceptance tests, and delivering training.


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