PRODUCTS

Cheque clearing software

This is an MICR cheques capturing system which assists banks automates their inwards and outwards cheques processing operations. The system captures the MICR codeline, the cheques’ front and back images, cheques encording, cheques endoring etc. The system generates inter-banks clearing files which are sent to the clearing house ad also generates inwards files which are uploaded to the banking systems.

Besides the above features, the new release of Chequepoint (ver 3.0) comes with special features like Foreign Currency cheques processing, stop payments, image statement, Direct Debits, Electronic Funds Transfer, Signature interfacing, Post Dated Cheques Processing, Proof of Deposit capture, Enhanced security, detailed graphical reporting etc.
The above features when combined, makes this new version Full Image Truncation ready. This is where the central clearing process is done using images without accompanying physical cheques.

Product Features:

  • Can be customized to meet the requirements of the clearing house.
  • Developed using the latest software tools: - VB6 making use of MS Access or SQL server on NT platform.
  • Uses NT Security features.
  • Password protected to ensure privacy.
  • Automated creation of Settlement and Discrepancy files.
  • Generates Electronic journal files, Settlement files, EFT files for clearing and selecting transfers.
  • Automates reconciliation processes for inward clearing.
  • Available in 3 modules:-
    o Head office central clearing (Head office, multi bank branch) o Branch Module (Used for processing cheques at branches linking to the head office)
    o Single Branch Module (Single user, Single bank branch)
  • Can be linked to any MICR hardware.
  • Interfaces with MicroBanker and can be customized to interface with other banking software.
  • User friendly and easy to use software thus minimizing training.
  • Powerful audit trail and report.
  • Statutory and processing reports include a settlement file, control vouchers, batch transaction listing and exception reports.

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