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MICR Cheque Encoding Solutions
Increase efficiency and accuracy of MICR encoding using impact technology to minimise reject rates and cheque fraud
While some banks still rely on cheque issuing services provided by third parties, some others have decided to improve efficiency by handling MICR encoding process independently.
MICR encoding process can be divided by two; pre encoding and post-encoding. The quality of both MICR encoding processes are very important as low quality MICR is prone to fraud and could cause high reject rate in clearing process.
SMARTENCODE™ is a MICR cheque encoding solution professionally developed to help banks to improve efficiency of cheque encoding process, ensuring the MICR quality while keeping the cost at a minimum.
SMARTENCODE™ MICR cheque encoding solution is integrated with various capacity cheque encoders to accommodate low to high volume and pre-encoding or post encoding MICR cheque printing.
to create a firmly attached magnetic ink onto the paper fibre for long lasting and preserved MICR quality
for pre-encoding in chequebook issuance process and post-encoding (amount encoding) in clearing process
to other formats for further processing
of all MICR printing data for audit purposes
access rights to operation and data
Low Volume MICR Encoder
Medium Volume MICR Encoder
Medium Volume MICR Encoder
Improved efficiency over manual operations with streamlined & secure MICR encoding process
Minimised unnecessary cost due to high reject and potential cheque fraud with high quality MICR encoding
Better business performance to meet window times for the cheque encoding process
To find out more about SMARTENCODE™