Automated Cheque Settlement

Automated Cheque Settlement

SMARTSETTLEMENT™ covers cheque sorting based on the receiving BSB number, or any nominated criteria based on the MICR code. SMARTSETTLEMENT™ is for clearing houses or any financial institutions handling interbank clearing processes. The application can also produce clearing settlement reports.

Features:

  • Automated Sorting Function based on receiving BSB number
  • Built in Reject Re-entry / Reject Repair System
  • Advanced Clearing Reports
  • Inter-bank transaction Settlement
  • Integration to Clearing House or Banks' accounting system