This system is used by banks for inward clearance once they receive their daily cheques from RBI for clearance. This is based on scanning each cheque and pushing it through a image based work flow process.

PURPOSE

Rather than physically moving cheques from one stage to the other banks only move the images of the cheques for processing. This makes the inward clearance process more streamlined and less prone to errors related with paper handling.

UNIQUE FEATURES AND BENEFITS

Reduced paper handling reduces the errors such as physically hand dropping the cheque batch or even losing a cheque. This helps the bank improve its service and image in the eyes of the customer.

Automatic pop-up of the customer signature from the database for verification of signature on the cheque saves time in a big way.

FUNCTIONALITY

The following functionality is provided:

• Cheque scanning
  
• Cheque processing workflow system
  
• Data capture repair workstation
  
• Signature verification workstation
  
• Interfacing with the Core banking system
  
• Auto debits
  
• Inward clearance reports
  
• Cheque image archival and retrieval

PROCESS

The following process is followed:

• All cheques are scanned and images obtained
  
• Signatures are verified by looking at signature images stored in the database against the signatures on the cheques
  
• MICR readers, if used, read the MICR information at the bottom of the cheque
  
• Check Digits ensure that the MICR information is correct
  
• Cheque images are sent to a centralized location where remaining information, such as payee name and amount, is entered and verified.
  
• Doubtful MICR information is verified and corrected
  
• Output files as required by your core banking software are created
  
• Actual debits are made and pool accounts credited

TECHNOLOGY

The structure is a client server application written in VB. Any standard scanners can be used for this purpose.

OCR is used for reading the MICR data at the bottom of the cheque.