Automated Cheque Settlement

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SMARTSETTLEMENT™ is a cheque processing system designed and developed to provide banks and financial institutions with a comprehensive solution for interbank clearing processes that covers cheque sorting based on receiving bank number, or any certain criteria based on MICR code. When it is required, it can also produce clearing settlement reports.

Features:

  • Automated sorting function based on receiving bank number
  • Built-in reject re-entry / reject repair system
  • Advanced Clearing Reports
  • Inter-bank transactions settlement
  • Integration to Clearing House or banks’ accounting system