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Nucsoft’s Cheque Truncation System

Nucsoft’s Cheque Truncation System. Overview. Cheque Truncation System is Designed to Provide Participating Banks a Full Solution for Processing & Clearing of Payments CTS Incorporates All Functionalities Required by NPCI

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Nucsoft’s Cheque Truncation System

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  1. Nucsoft’s Cheque Truncation System

  2. Overview • Cheque Truncation System is Designed to Provide Participating Banks a Full Solution for Processing & Clearing of Payments • CTS Incorporates All Functionalities Required by NPCI • Web Based Comprehensive Solution which is Scalable from a Large to a Small Bank

  3. Key Benefits • Central Monitoring: Entire Country’s Operation can be Monitored from a Central Site • Fraud Reduction: Maker-Checker Concept is Applied when Capturing Details • Secured Transmissions: SSL/TLS is used for Communication Sessions, giving ability to Transmit Transactions and Images in a Secure fashion over the Internet.

  4. Key Benefits (Cont’d) • Cheque Scanner Independent: CTS uses Silver Bullet- Ranger Scanner Interface which Supports Multiple Types of Scanners without Additional Development Efforts. No Need to Install/ Maintain Scanner Plugin, etc. • Auto Segregation of Cheques: CTS Automatically Segregates Cheques According to its Type (Govt. , High Value, etc) & Manages the Workflow • Special Case Followup: Ability to Followup Certain Special Cases like Drawee Inadequate Balance, P2F, etc • Load Management: Processing Load can be Managed between Bank Branches, so the Clearing Window Timings can be Managed Efficiently

  5. Key Benefits (Cont’d) • Seamless Interaction with CBS: CTS will Extract Relevant Info & Signatures from CBS to make Inward Process more Effective and Less Time Consuming • Reporting Engine: Flexible Reporting Engine with Ability to Generate Adhoc Reports • Archiving : CTS Allows Storage & Retrieval of Both Images and Reports for Bank as Reference. Archived Images can also be shown to Bank’s Customers via Internet Banking for their Future Reference

  6. Outward Clearing • Image Scanning • Capture Batch Id • Detect & Capture MICR Line • Capture Images as per RBI Guidelines

  7. Outward Clearing (cont.) • Verification of Image Quality • Global Image Quality • Partial Image • Excessive Image Skew • Piggy Backed Image • Image Too Light or Too Dark • Image Contains Streaks and/or Bands • Below Minimum Image Size • Exceeds Maximum Image Size • Torn Edges or Corners • MICR Verification

  8. Outward Clearing (cont.) • Credit Capture • Branch Code • Account Number • Printer Code • Originating Branch Code • Processing Branch Code • Amount Capture • Capture Cheque Amount • Ultra Violet Check • Hardware Dependent Function capable of Displaying UV Areas on Scanned Images

  9. Outward Clearing (cont.) • Balancing • When Cheque Amount Total does not Balance with the Total captured by the Teller • Create Adjustment • Proof Set • Expert Balancing • Authorizing Adjustment done in Balancing • Updating CBS • Archiving • Creation of Exchange File

  10. Inward Clearing • Fetch Posting Files • 1st Level Technical Verification • Duplication Check • Segregation of Cheques Amount-wise • Verification with CBS • Account Verification • Signature Verification • Payment Processing

  11. Paper to Follow • Need of P2F • Government Cheques • IQA Failure • Returned by Drawee Bank with Reason Code 39 & 40 • Segregation of IQA Failed & Govt. Cheques

  12. Unpaid • Manages Cheques which have failed Technical & Financial Verification • Captures Unpaid Reason • Facility to Reverse the Unpaid Action

  13. Security • Comprehensive PKI-Based Security Architecture • Incorporates Security & Authentication Controls such as Access Control; User Id & Passwords  • Maintains Comprehensive Security & Audit Logs of the Application

  14. Thank you

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