Cheque Truncation System (CTS)
Cheque Truncation System (CTS)
An End to End Cheque Processing Solutions
Revolutionising Traditional Cheque Processing
Banks and financial institutions cannot deny that cheque processing is indeed fraught with complex challenges.
Reduce Rejection Rates with Advanced Technology
Rejection rate remains high due to poor technology applied in either MICR encoding or MICR reading.
Enhancing Fraud Detection through Advanced Security Measures
Streamlining Processing Costs through Automation
Improving Efficiency with Time-sensitive Processing Flows
Unlock Efficiency with Cheque Truncation System (CTS)
Considering this complicity, BSS presents to you Cheque Truncation System, an end-to-end cheque processing solution that streamlines your business process to reduce rejection rate, protect your business and customers from cheque fraud, minimise operational cost, and enhance corporate image as a reliable bank or financial institution.
Benefits of Cheque Truncation System
Flow Optimisation
Streamline Cheque Processing Flow
Time Efficiency
Cost Reduction
Paperless Operations
Eliminate the Need for Transportation and Courier for Delivery of Physical Documents
Digital Storage
Reduce the Need for Paper-based Storage and Retrieval
Insightful Analysis
Produce Business Intelligence Tools for Payment Pattern Monitoring
Fraud Prevention
Protect customers from cheque fraud with image-based verifications apart from electronic data
Enhanced Service
Improve Customer Service with Effective Reconciliation and Verifications Processes
Error Minimisation
Minimise the Potential of Human Error During Manual Handling