Country Wide International Payments Solutions

 

NCR APTRA Clear provides the functionality required by a central bank to manage a country wide truncation initiative.

Check images clear along with the financial transaction data, allowing the paying bank to validate the check and make a payment decision – quickly and confidently. With access to all the information they need for the check payment, banks can post earlier, reducing float and fraud exposure.  With access to the images for decisions, who needs the paper?  Truncation can be achieved at any point after the image is scanned – the earlier in the clearing process, the more savings.

Reduce Risk
Float risk decreases by reducing the payment processing timeframe. Credit risk is reduced and collection likelihood increased due to the faster payment cycle.

Reduce Operating Costs
Truncation eliminates the substantial costs of re-processing physical checks – sorter passes and reconcilement functions. Transportation costs are eliminated starting at the point of truncation. And, when combined with NCR’s Image Archives, your dependence on costly microfilm is eliminated, replaced by less costly digital storage. Images are available at the press of a button reducing research time and its cost.

Build and Enhance Your Business
Image at the source and you are setting the framework for value added services to your customers. Images are now available for customer service representatives and branch staff to immediately respond to customer inquiries. Self service options with internet access are also possible.

Key features of APTRA Clear include:

  • Open system, scalable web-enabled architecture
  • Clearing data validations, Image Quality Assurance, and image digital signatures
  • Security provides for privacy, authentication, data integrity & non-repudiation
  • Reliable payment transaction data transfer through flexible ebXML exchange format
  • Transaction repository supports clearing function and intra-cycle status review
  • Flexible reporting tool
  • Clearing House generated settlement & statistics reports for participant access and download
  • Full Administration of Clearing System information such as payment instruments definition, calendar, clearing sessions, participants, return codes and users
  • Support for multiple currencies, multiple payment type

NCR APTRA Clear provides the functionality for the Commercial Banks and Clearing House to truncate physical checks and implement the full clearing and settlement cycle electronically.