After MICR, the cheque clearing function is witnessing the next major evolution in India, Middle East and many Asia Pacific countries. The Central Regulatory Bank in these countries, are actively ushering in image based cheque truncation. With image based truncation of cheques, and usage of image exchange for clearing, the cycle time required to clear cheques will be drastically reduced, resulting in quicker credits and a more efficient means of cheque clearance, in addition to reducing the potential for fraud.

J&B Software, leveraging decades of image based cheque-processing experience, provides for the most comprehensive Cheque Truncation System (CTS) solution that covers Outward, Outward Return, Outward Hold, Inward, Inward Returns & Inward Hold cycles. The CTS solution allows for distributed branch capture/centralized capture deployment options and exhaustive IQA & IUA capability using sophisticated ICR engines, to streamline and speed up the process of cheque truncation and realisation.

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