Payment Processing Currently Available in StingRay Vendor  Vendor
Posting Payments (Returns/Reversals)      
Lockbox processing    
Process cash-like instruments (cash, check, western union)    
Ability to identify/manage escrow accounts (policy holders)    
Ability to enter down payment in the system    
Process other payment types (wires, credit cards, etc.)    
Ability to apply payments to multiple policies for a customer    
If payment is received from a customer on a force placed policy or certificate, system must refund that amount    
Ability to assess fees    
Customizable payment posting based on predefined/hierarchical rules    
Taking Actions (Policy Status)      
Ability to set up automatic rules/conditions for status changes in policies    
Other Actions (Discrepancies)      
Generate custom forms to send to customers    
Ability to identify binding restrictions