Banks-Solutions-Cheque Truncation

	Banks
	- Solutions
	- Check Truncation
	- Image Based Inward
	- Teller Deposit
	- Remote Deposit
	- Straighthrough Processing
	- e-Stamping
	- Self Service Banking
	- Services
	Telecom
	Airlines
	Government
	Power
	Insurance & Mutual Funds

Check Truncation Solution

Check Truncation is the process by which the physical movement of Checks within a bank, between banks or
between banks and the clearing house is curtailed or eliminated, being replaced in whole or in part, by
electronic records of their content (with or without the images) for further processing and transmission.

Advantages of CTS

Reduces physical movement of checks and therefore required infrastructure
Shorter clearing and settlement cycle
Image Based clearance streamlines process and decreases the risk of error
Reduces time to process data and improves productivity

The Check Truncation System offers a marked improvement in processing throughput and better control over the
physical instruments. It lays the bedrock of a new technology which will allow for future benefits such as Monitoring and
tracking of instruments, Decreased risk of fraud, Signature verification, MICR (Magnetic Ink Character Recognition) extraction,
processing and clearance of instruments through inter-bank transfer of images rather than paper.

THE SOLUTION
FTL offers complete Check Truncation Solution suited for the needs of all kinds of banks and all truncation points – Kiosks,
Tellers, Branch Back Counter or Service Branch.

The Solution Components

Image Based Clearing Solution

Truncation Automation to automatically capture, validate, proof,
balance and distribute transactions at all points of
presentment using configurable business rules
Payment Gateway to collect, examine, correct and route
transactions to endpoints based on intelligent business
rules to optimize revenue, cost, and float
Workflow based Inward Solution
Imaging Hardware

Support

Implementation
Training
Facility Management
Customization
Consumables and
Post-Sales Support

This solution allows for Straigthrough Check Processing and incorporates three straightforward steps. The technology employed
and the business processes incorporated, provide significant paper reduction, dramatic reduction of errors and exceptions,
enhanced funds recognition, and highly accelerated processing timelines.