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.
