Cheque Entry Solutions
SMARTCHEQUENTRY™
Cheque Entry Solutions
Introducing SMARTCHEQUEENTRY™, an automatic data entry and image capture solution for processing cheque deposits and cheque payments at bank’s tellers and retail POS network.
Addressing Challenges
Specifically developed to simplify the processing of cheque deposits tellers or cheque payments at retail POS networks, SMARTCHEQUEENTRY™ helps overcome your persisting issues of cheque frauds, data entry errors and the insecurity of third party dealing and handling of cheques. Effectively, this keeps your operational costs low.
SMARTCHEQUEENTRY™will help you address the following challenges:
| Unidentified cheque fraud |
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| Errors in data entry |
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| Unsecured third party involvement |
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| High operational costs |
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| Considerable financial losses |
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How SMARTCHEQUEENTRY™ helps you
SMARTCHEQUENTRY™ offers user-friendly features to enhance efficiency and security in cheque handling:
Automatic Cheque Verification
Authenticates cheques instantly with Check21 compliant scanners, reducing the risk of authorising fraudulent cheques.
Automatic Data Entry
Populates MICR data into open applications like your core system or Microsoft Excel, minimising errors and streamlining processes.
Direct Posting & Feedback
Configurable to post scanned data into core application databases, expediting cheque settlement and improving customer satisfaction.
Automatic Archival & Easy Retrieval
Archives cheque images and data for future retrieval, with a user-friendly search tool for quick access. Exportable data ensures backup and further processing flexibility.
How SMARTCHEQUENTRY™ benefits you
SMARTCHEQUENTRY™ helps you to:
Cost Reduction
Reduce processing costs by eliminating courier services and third-party handling.
Efficiency Boost
Streamline business processes and minimise manual data entry.
Faster Settlement
Accelerate settlement time and improve security and control.
Preemptive Resolution
Anticipate discrepancies and disputes at the point of presentment.
Enhanced Control
Minimise involvement of third-party vendors with SMARTCHEQUENTRY™
Reduce dependency on third-party vendors with SMARTCHEQUENTRY™, a solution offering superior value while optimising cheque processing and maintaining quality cheque handling.
Alternatively, explore profit-boosting opportunities through business partnerships by leveraging SMARTCHEQUENTRY™ to facilitate cheque payments at diverse retail points of sale.
Cheque Truncation with SMARTCHEQUENTRY™
As cheque truncation gains traction, SMARTCHEQUENTRY™ evolves to facilitate cheque payments at various retail POS networks, expanding its role beyond traditional cheque deposit at tellers.