Check Truncation Solutions
Imagine the Possibilities...
Imagine capturing an image of every check at the point of acceptance, with instant access to those images, and transactions cleared and settled in minutes. Across the globe, NCR's check truncation solutions are making the possibility a reality.
Check truncation offers the opportunity for commercial and central banks to dramatically reduce overall payment system operational costs, substantially speed up the clearing cycle, reduce unproductive float from the country's check clearing system, and cut check fraud. The greatest benefits from check truncation occur when the physical check is converted to electronic data (financial and image) at the earliest point in its collection cycle.
NCR solutions enable country wide image-based, check truncation initiatives with solutions for commercial and central banks.
For commercial banks, NCR offers tailored regional solutions providing flexibility in points of truncation: remote, central or a hybrid approach involving both.
For central banks, NCR’s Electronic Cheque Presentment with Image Exchange (ECPIX) solution manages the complete clearing and settlement cycle with electronic data exchange (financial only or financial and image) through an electronic clearinghouse and participating commercial bank gateways.
NCR has created check truncation solutions for EMEA banks using ImageMark Passport and ImageMark NCompass.
Check truncation solutions (CTS) for Asia banks using ChequeMark and ImageMark Archive solutions.
Check truncation solutions for U.S. banks using ImageMark Passport and either ImageMark NCompass or ImageMark Transaction Manager for data perfection and validation.
Check truncation solutions for Central Latin America banks using ImageMark Passport and ImageMark NCompass.
ImageMark Electronic Cheque Presentment with Image Exchange provides the functionality required by a central bank to manage a country wide truncation initiative.