We provide an efficient and effective Cheque Truncation System (CTS), an image based cheque clearing system in which scanning is done upon deposit and the electronic image is transferred throughout the clearing cycles.
CTS is considered as the next logical step in payment after MICR, ECS, EFT, and RTGS. With the mushrooming of the number account holders, banking sector is undergoing sea change and the sector is becoming more complex and transaction-intensive. We provide a powerful Banking Solution Package to our customers in the form of CTS that involves scanning of Cheque images.
The time taken in cheque clearing cycle is reduced which results in quicker credit and more efficient means of clearance. The process also reduces the manual work done and any fraudulent practice can also be checked. We are already handling CTS Processing some major Multi – National Banks in India.
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