Cheque Deposit KIOSKS

CDK-1500 Cheques continue to play a dominant role in India’s retail payment system Approximately 4.5 million inter-bank cheques cleared on each working day It is a process of stopping the physical movement of cheques in the clearing cycle.

Faster Processing
Electronic images of cheques are captured and transmitted across the banks

3 types of images are captured & transmitted:

• Front Gray Scale (Minimum DPI: 100, Format: JFIF, Compression: JPEG).
• Front Black & White (Minimum DPI: 200, Format: TIFF, Compression: CCIT G4).
• Rear Black and White (Minimum DPI: 200, Format: TIFF, Compression: CCIT G4)

Customer Service

• Better Customer service as cheques received almost upto clearing cut-off window can be presented.
• Easy retrieval of information for customer.

Commercial Aspects

• Cheque processing charges reduced.
• Costs involved in paper movement eliminated.
• Better liquidity management for banks.

Operational Aspects

• Reconciliation differences eliminated
• Risk Minimization.
• No risk of cheques getting lost/tampered/pilfered.
• No risk of any manipulation of data & images as it is secured through Digital Signatures.
• Implementation of CTS 2010 Standards has enhanced cheque security.

Operating Environment

• Humidity : 20{ba5831da7af600d7b52767e81a9dfa289be343db06215c0365441d727416bc23} to 80{ba5831da7af600d7b52767e81a9dfa289be343db06215c0365441d727416bc23}
• CTS compatible UV Cheque Scanner
• Cheque Stacker (holds minimum 500 cheques)
• Centralized and Remote Monitoring capacity

Cheque Truncation speeds up the process of collection of cheques resulting in better service to customers, reduces the scope for clearing-related frauds or loss of instruments in transit, lowers the cost of collection of cheques, and removes reconciliation-related and logistics-related problems, thus benefitting the system as a whole.

In CTS, the presenting bank (or its branch) captures the data (on the MICR band) and the images of a cheque using their Capture System (comprising of a scanner, core banking or other application) which is internal to them, and have to meet the specifications and standards prescribed for data and images.

Benefits:

• Shorter clearing cycle
• Superior verification and reconciliation process
• No geographical restrictions as to jurisdiction
• Operational efficiency for banks and customers alike
• Reduction in operational risk and risks associated with paper clearing

CTS offers several benefits to banks and customers, including human resource rationalisation, cost effectiveness, business process re-engineering, better service, adoption of latest technology, etc. CTS, thus, has emerged as an important efficiency enhancement initiative undertaken by Reserve Bank .

Features:

• Imaging module for binary Front, binary Back, Grey scale Front, Grey scale back and UV only
• Print 2 line endorsement of minimum 44 digits on the back of the cheque prior to imaging of the cheque.
• Straight line capturing mechanism
• Supports multilocation endorsements
• MICR reader, endorser, Sorter

Built-in OCR:

• (i)front and back grey scale
• (ii)front and back black & white scale
• UV image capture in a single pass
• Compliant to the IQA standard indicated by RBI
• UV enabled camera to capture and detect UV Ink, logos and watermark