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:
- ImageMark NCompass Proof and Capture for check capture at clearing houses, service bureaux and Commercial Banks
- ImageMark NCompass Payment and Clearing for outclearings, inclearings, returns processing, signature verification and research
- APTRA Passport for check capture at bank branch/teller, the merchant and the ATM
- ImageMark NCompass Archive a vault to store your check images and financial data – scalable, reliable and securely accessible
LinkedIn
Facebook
YouTube
Twitter
RSS