Cheques are still widely used by individuals and organisations as it is the most secure payment method. However, cheque processing is quite complex; banks must put on serious measures and controls to prevent cheque fraud, while also processing all cheques within a time duration regulated by the Central Bank or the Clearing House.
With extensive experience in nationwide cheque processing system, Business Smart Solutions has developed end to end cheque processing solutions, from cheque issuing to cheque settlement, for commercial banks and clearing house.
Cheque Processing Automation
to improve efficiency of the overall cheque processing operations whilst reducing cost and effort.
- Reduced cheque processing time
- Minimised cheque rejection rates
- Identify cheque fraud
- Accessible detailed reporting
- Flexible implementation of regionalised and centralised cheque processing systems
Other reasons include:
Cheque values remain more resilient, suggesting that higher value business cheques are more persistent than lower value personal cheques
Several industries are still heavily dependent on the use of cheques; such as real estate, NGO, courts, etc.
Older generations still widely use cheques especially in regional areas
So now that we’ve established that cheques won’t become obsolete any time soon, there’s a definite need for cheque processing solutions to streamline the process and maximise efficiency in any organisation that handles cheques.
BSS hereby presents you with several turnkey solutions for your end to end cheque processing. These solutions shall encompass upstream cheque processing to downstream processing of cheque including, but not limited to: