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Digital Cheque Repository Solution
Improve efficiency of archival and retrieval of deposited cheques with a digital storage solution
Improve efficiency of archival and retrieval of deposited cheques with a digital storage solution
On a daily basis, Banks receive on-us and interbank cheques from customers. Both cheques are handled by multiple parties in the process, creating many possibilities for the physical cheques to be damaged, misplaced, lost or stolen. As regulated by the Government, banks and financial institutions are required to maintain legible copies of
deposited cheques for at least 10 years as a proof of transaction for potential dispute settlements. Currently, cheques are archived in conventional ways such as paper copies, microfilm, or microfiche. However, the manual archival system is not effective as physical cheques are prone to deterioration and is inefficient as cheques are not easily retrievable.
Introducing SMARTARCHIVE™ Deposit, a digital cheque archival and retrieval solution. Not only does it enable digital copies of cheques to be stored with hassle-free, this digital cheque solution also generates electronic clearing data (ECD) for clearing.
SMARTARCHIVE™ Deposit digital cheque archival and retrieval solution enables efficient cheque archival and retrieval, featuring:
for automatic input of MICR line information
in B/W, greyscale, colour, and UV
on the database storage with flexible search criteria
for data repairmen of rejected MICR
to mark that the cheque has been received
to other formats for further processing
to outward clearing forma
of archival and log activities
to enable automatic data input for cheque deposit
to sync data from branches to headquarter
Cost-effective Cheque Scanner
Automatic Cheque Scanner
Automatic Hi-speed Cheque Scanner
Easy archival and retrieval of digital cheque data
Traceable and accountable process for audit trail purpose
Minimised potential loss with authentication through MICR reading & UV scanning
Preserved quality of cheque repository from potential degradation due to mishandling
To find out more about SMARTARCHIVE™