Cheque Depository Kiosk
Cheques continue to play a dominant role in India’s retail payment system
Approximately 4.5 million inter-bank cheques cleared on each working day
It is a process of stopping the physical movement of cheques in the clearing cycle.
- Electronic images of cheques are captured and transmitted across the banks
3 types of images are captured & transmitted:
- Front Gray Scale (Minimum DPI: 100, Format: JFIF, Compression: JPEG).
- Front Black & White (Minimum DPI: 200, Format: TIFF, Compression: CCIT G4).
- Rear Black and White (Minimum DPI: 200, Format: TIFF, Compression: CCIT G4)
- Better Customer service as cheques received almost upto clearing cut-off window can be presented.
- Easy retrieval of information for customer.
- Cheque processing charges reduced.
- Costs involved in paper movement eliminated.
- Better liquidity management for banks.
- Reconciliation differences eliminated
- Risk Minimization.
- No risk of cheques getting lost/tampered/pilfered.
- No risk of any manipulation of data & images as it is secured through Digital Signatures.
- Implementation of CTS 2010 Standards has enhanced cheque security.
- Temperature: 10 to 40 degree Celsius
- Humidity : 20% to 80%
- CTS compatible UV Cheque Scanner
- Cheque Stacker (holds minimum 500 cheques)
- Centralized and Remote Monitoring capacity
Cheque Truncation speeds up the process of collection of cheques resulting in better service to customers, reduces the scope for clearing-related frauds or loss of instruments in transit, lowers the cost of collection of cheques, and removes reconciliation-related and logistics-related problems, thus benefitting the system as a whole.
In CTS, the presenting bank (or its branch) captures the data (on the MICR band) and the images of a cheque using their Capture System (comprising of a scanner, core banking or other application) which is internal to them, and have to meet the specifications and standards prescribed for data and images.
- Shorter clearing cycle
- Superior verification and reconciliation process
- No geographical restrictions as to jurisdiction
- Operational efficiency for banks and customers alike
- Reduction in operational risk and risks associated with paper clearing
CTS offers several benefits to banks and customers, including human resource rationalisation, cost effectiveness, business process re-engineering, better service, adoption of latest technology, etc. CTS, thus, has emerged as an important efficiency enhancement initiative undertaken by Reserve Bank .
- Imaging module for binary Front, binary Back, Grey scale Front, Grey scale back and UV only
- Print 2 line endorsement of minimum 44 digits on the back of the cheque prior to imaging of the cheque.
- Straight line capturing mechanism
- Supports multi‐location endorsements
- MICR reader, endorser, Sorter
- (i)front and back grey scale
- (ii)front and back black & white scale
- UV image capture in a single pass
- Compliant to the IQA standard indicated by RBI
- UV enabled camera to capture and detect UV Ink, logos and watermark