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Chequebook Issuing Solution
Interbank Cheque Clearing System

Interbank Cheque Clearing System

Automatic Interbank Cheque Settlement

SMARTSETTLEMENT® is an automated clearing house (ACH) system designed and developed to provide the clearing house with a comprehensive solution for interbank clearing processes that covers:

  • Interbank electronic clearing data processing
    Clearing and settlement process relating to fund transfer and cheque between financial institutions at the clearing house
  • Interbank physical cheque clearing processing
    Electronic cheque clearing system with document to follow

The Main Features of
Automatic Interbank Cheque Settlement

Reject Repair

for manual data repairmen of rejected MICR

Settlement

into front-end application (BDS) or core banking application

Integration

to clearing house’s internal system

Advanced Reports

of interbank clearing data

Cheque Sorting

based on receiving bank number*

The Key Benefits of
Automatic Interbank Cheque Settlement

Efficient process of interbank cheque clearing

Automate the whole clearing process from receiving data to settlement

Accountable process with secure system and comprehensive reporting

To find out more about SMARTSETTLEMENT®

Download our Brochure​

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