Solutions

A complete, integrated Suite of banking software solutions on uniform platform integrated with multiple delivery channels.

Cheque Truncation System

CTS promises to bring multiple benefits to customers by substantially reducing the time taken to clear the checks. For banks, CTS enables better customer services and increase in operational efficiency by cutting down on overheads in physical clearing.


Features:

  • Simple and user-friendly graphical user interface
  • Automatic encoding and endorsing
  • Extensive Search Options for items captured
  • Data file encryption before transmission to service branch/Clearing House
  • Unique transaction follower procedure to identify status of cheques presented
  • Outward returns re-presentment batch runs
  • Better reconciliation and fraud prevention
  • Basic reports
  • Role based access administration
  • Feature to track the productivity and efficiency of the user
  • Enables user to avoid duplicate MICR cheques
  • Enables high productivity because of its easy to use feature
  • Archival component responsible to clean the application and store data and image for future enquiry and report generation.
  • Customer Relationship Management for Priority and High Net-worth Accounts by watching out for Cheque returns from Central Inward Processing Centre and alerting the Relationship Managers (RMs).
  • Alerting and prompting action of RMs on cheques returns due to insufficient funds.
  • Email and SMS alerts to RMs on transactions of Accounts of their interest
  • MIS Reports


Process:

  • Outward Clearing: Scans physical instruments and handles the images of the instruments at the presenting bank’s service branch.
  • Inward Clearing: Receives scanned images of the instruments instead of physical instruments from the central bank’s system for processing.
  • Outward Return: Handles images for returned/bounced checks at the drawee branch.
  • Inward Return: Handles images for returned/bounced checks at the presenting branch


Benefits:

  • CheckFlow: For handling Outward/Inward clearing & return processing at Head Office/branches
  • CheckExchange: Based sorting and settlement switch for Clearing Houses/Central Banks
  • Comprehensive reporting and Audit trails
  • Core Banking System by online and batch uploads
  • Comprehensive audit trail maintenance in the system
  • Real-time monitoring facility for administrators to ensure smooth operations
  • Check Deposit kiosks to provide multi-point capture capability
  • Existing clearing systems of banks


For more details of CTS with TrustBankCBS,
Please write to us at info@trustbankcbs.com or call us at +91-9422111442.