Cheque Truncation System Scanners

Cheque Truncation System or Image-based Clearing System for faster clearing of cheques. CTS is based on a cheque truncation or online image-based cheque clearing system where cheque images and magnetic ink character recognition data are captured at the collecting
bank branch and transmitted electronically.

BENEFITS OF Cheque Truncation System Scanners

This will prevent fraud and bounced checks.

There is no room for fraud when you have a CTS scanner

The scanner will verify all the information on the check and ensure that the payments made are real and valid.

The system forwards the physical cheque and sends the image to the drawee bank branch reducing the time it took to process payments.