Cheque Truncation Solution
Cheque Truncation Solution
With the nation-wide implementation of the grid-based Cheque Truncation System (CTS) by RBI/NPCI, cheque processing has gained significant speed and operational efficiency in addition to other benefits such as cost effectiveness, business process re-engineering, better service, and adoption of the latest technologies. With over 20 years of experience in building and managing image-based cheque truncation software for financial institutions across the world, VSoft has emerged as the partner of choice.
Benefits of OnView Cheque Truncaction System
You get all of the information you need in one dashboard where information is neatly organized in a workflow so that you can easily determine which operation requires the utmost attention.
Whether your Bank branches are only scanning a few hundred cheques or lakhs of cheques per day, CTS can comfortably handle it. You can customize CTS to your preference.
CTS integrates with your CBS, CMS, branch teller solution, CRM software, and MIS solution among others so that you have access to the most up-to-date information in all your systems.
Gone are the days when image analysis software could barely recognize clearly written letters and numbers. In fact, the software is so advanced now that it is able to detect letters and numbers that the human eye cannot make out.
In today’s world, people are increasingly worried about who has access to their data and what they can do with it. Our world-class infrastructure is protected by AI to neutralize threats that seem harmless to humans.
With Positive Pay, you can be sure that neither your Bank nor your customers lose money. Positive pay is an automated fraud detection tool which compares the account #, cheque #, and rupee amount to cheques authorized in the past to catch inconsistencies.
Faster Turnaround Time
Depend on Less Manpower
Explore more of VSoft’s PRODUCTS
VSoft’s Roots is a technology-based solution for the Cooperative Credit & Banking structure that aims to assist in their outreach to the rural hinterlands through a two dimensional multi-layered software solution. It handles the entire lifecycle of all types of agriculture loans with farmers at one end and Primary Agriculture Credit Cooperative Society (PACS) and the DCC Bank at the other.
Wings is VSoft’s state-of-the-art, comprehensive Core Banking Solutions (CBS) product suite, created in a leap of faith, using web technologies and open source systems right from the very inception in order to meet the requirements of the constantly changing, and often disruptive, techno-financial environment.
VSoft’s OnView Cheque Tracking Portal (CTP) enables Bank Operators to view item details and images of the items captured during the prime pass on the sorter as well as archived items. Operators can use the browser-based interface to quickly research customer data, transaction data, and item images from remote locations.
VSoft’s OnView Branch Deposit increases efficiency for your staff by simplifying back-office operations. Disparate back-office systems can cause a negative ripple effect across your financial institution, absorbing time and labor that could be allocated to other impactful tasks.
VSoft is one of the largest cheque truncation service providers in the country, with a client portfolio that includes major public sector, private sector, and co-operative banks. Fully compliant with RBI’s cheque truncation guidelines, VSoft’s BPO infrastructure for cheque processing is capable of processing over 15 lakh cheques a day.
The OnView Remote Deposit Capture (RDC) product suite brings convenience and cost savings right to your palms. You save by depending less on data entry and more on automated operations which process more cheques in less time. You enjoy convenience by creating a paperless environment where all data can be accessed at the tap of a finger.
National Automated Clearing House (NACH) payments are known to be a cheaper and more convenient alternative to cheques. Banks can process a higher volume of transactions at a lower cost because there is no physical movement of instruments.
Vantage is our single, unified platform designed to consolidate fragmented channels to give your financial institution full administrative control over payment processing, core banking, and digital banking solutions. A consolidated platform also provides granular insight for an enterprise-wide view of all account holders and transactions, which enables staff to resolve account holder inquiries quickly and analyze the user experience across devices and banking services.