Asia International Payments Solutions

 

Payments are evolving and with that the manner in which they are processed as check images.  As a result banks must adapt their infrastructure and modify their behaviors in order to meet the demands of the new electronic marketplace.

Check Truncation as a part of the new electronic marketplace is no longer the future – it is the present. Traditional payment processes can no longer support the demands and the timing of the electronic marketplace.

The potential for increased efficiencies, significant risk reduction and lower transaction costs can be developed through the incorporation and utilisation of electronic payment method alternatives.

It is our belief that an electronic and imaging payments solution must offer credibility to the public and the financial community. In addition this solution must allow customers, Central Banks and Commercial Banks to initiate payments in a user friendly and highly automated and efficient environment.

Cash availability schedules, transfer delays, fraud potential and the inherent manual process increase the risk and cost associated with the existing cheque clearing environment.

NCR’s end-to-end Image Based Electronic Solution consists of the following components for Commercial Banks:

  • ChequeMark ATM Proof of Deposit integrated with the ATM networks for image based check capture
  • ChequeMark Branch Proof of Deposit for check capture at the branch/teller
  • ChequeMark Corporate Proof of Deposit for check capture at a merchant and transmitted over secured public networks
  • ChequeMark Retail Proof of Deposit for check capture at the retail store
  • ChequeMark Master Proof of Deposit for consolidation from the collection points
  • ImageMark NCompass Archive a vault to store your cheque images and financial data – scalable, reliable and securely accessible

In production today. NCR, as the leading payment solutions provider in India, has partnered with RBI and the commercial banks to develop a Cheque Truncation System which meets stringent requirements to implement and support 40 clearing centers in India.