SMARTSETTLEMENT covers cheque sorting based on receiving bank number, or any certain criteria based on MICR code. SMARTSETTLEMENT is for clearing houses or any financial institutions handling interbank clearing processes. 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