INCHEQS

INCHEQS ICS

INCHEQS ICS (Inward Clearing System) is a full-blown and robust Inward Cheque Clearing system which was developed to take full advantage of the Cheque Truncation capabilities.

Formerly known as ICCS or Intelligent Cheque Clearing System, the new INCHEQS ICS is entirely web-based and can thus be deployed over multiple branches, allowing for cost effectiveness, ease of deployment, training, and flexible workflow.

INCHEQS OCS

INCHEQS OCS (Outward Clearing System) covers the Outward Clearing and Inward Return legs of the Cheque Clearing Process.

INCHEQS OCS allows for processing, managing, and administering outward and inward returned Cheques. It is designed in compliance to BNM’s Cheque Truncation standards and will support newer document processors such as Cheque scanners and Cheque deposit machines (CQM).

INCHEQS SDS

INCHEQS SDS (Signature Database System) repository of CASA signatures and conditions and provides a central solution to scan new signatures and signing conditions. A single screen in INCHEQS technical verification screen allows easy navigation and facilitates eyeball verification of signature. The system Integrates with Central Bank Return codes and interfaces to Scanners.

INCHEQS PPS

INCHEQS PPS (Positive Pay System) runs on the same platform as the ICS and shares the same database and ASP framework. It can scan cheque images for Payee name, MICR code, Date of Cheque, courtesy amount, and legal amount using Intelligent Character Recognition (ICR) engine to facilitate the positive pay in inward clearing.

The system can handle positive pay items (cashiers order, demand draft and Bankers’ Acceptance).

INCHEQS SDS

INCHEQS SDS (Signature Database System) repository of CASA signatures and conditions and provides a central solution to scan new signatures and signing conditions. A single screen in INCHEQS technical verification screen allows easy navigation and facilitates eyeball verification of signature. The system Integrates with Central Bank Return codes and interfaces to Scanners.

INCHEQS ATV/ASV

INCHEQS ATV/ASV (Auto Technical Verification/Auto Signature Verification) covers the end to end Inward Clearing process. It will replace the existing human manual process and eyes verification. ATV/ASV process will also include an Intelligent Character Recognition and Signature Verification which will replace human element in the verifying process which will ultimately reduce errors and increase productivity. Other than that, having an automated process would also mean that there will no longer be a need for data repairing process, as the system will automatically correct an invalid account, invalid amount, and invalid Cheque number. If errors are found along the verification process, a SMS notification will be sent to the user to alert them of the error. Moreover, with the automated process, it will definitely reduce the workload of the verifier and will also generate a timelier Cheque verification process.