Cheque Processing Services

The cheque is currently the most visible and significant mode of payment in india. Considering the fact that the importance of cheque to the retail segment, Magnetic ink character recognition micr technology was introduced released by the national bank of india about 20 years ago. Micr technology enabled the banking system to handle the expansion of the cheque volumes and to provide faster and efficient clearing services to customers and to do straight through processing using micr data. Cheque truncation ranks as among the top ways to reduce the size of the clearing cycle to provide faster clearances of local and intercity cheques. Very constitutes the, Loosely defined approach in, Cheque truncation which case the physical movement of cheque within between banks, A bank or between banks and the clearing house is curtailed or eliminated, Being replaced in whole or in part, By electronic records of their content whether included or excluded the images for further processing and transmission. Forbes technosys limited holds a prominent position in player in cheque truncation systems within India and Our team offers own cheque processing centre based in Chennai and delhi. The centre provides outsourcing opportunity for banksno capex to be incurred by the bankcomplete process cheque truncation services, Processing & archivalcurrent processing capacity approx 300, 000 cheques per monthscanning services at forbes data centreinward application at bank locationinterface with banking systems ftl is also the first company to receive an iso certification for its cheque processing bureau. Other services provided by forbes technosys limited include business continuity planning serviceson, Site processing servicesmandate processing services benefits zero investment per transaction modelexpertise in cts implementationscalability