Check Processing

Cost-efficient, automated methods for clearing checks faster. Streamline the process, boost efficiency, and make funds available faster.

  • Check Processing Solution

    Make your customers happy with faster, automated check clearing

    Despite the move toward a cashless society, checks remain a prominent instrument of payment in many countries. Whether your bank is large or small, the eFLOW Check Processing Solution (CPS) provides a cost-efficient, automated method for clearing checks that streamlines the process and boosts efficiency…making funds available faster.

    Whether or not your country is CTS compliant, eFLOW CPS allows you to seamlessly transition from paper to a secure, image-based check processing system. Utilizing a wide range of state-of-the-art technologies, eFLOW CPS offers clearing parties significant check processing efficiency improvement and cost reduction.

    TIS offers check clearing solutions that encompass Automated Technical Verification, Inward Check Clearing, Outward Check Clearing and Mobile Check Deposit.

    How TIS check processing solutions improve your clearing processes:

    • Reduce costs and improve productivity with automated technical verification and data extraction
    • Streamlined check processing improves operational efficiency
    • Full clearing solution (four legs of check clearing process) or partial solution available
    • With check clearing information readily available, you can offer faster and enhanced customer service
    • SLA monitoring gives you control over the entire process
    • Open platform is highly customizable, adapting to your specific needs
    • Reduce your risk of fraud and improve overall fraud prevention efforts

     

    • Check Processing Systems

    • Capture

    • Recognize

    • Validate

    • Report

    • Deliver

  • Technical Verification

    Reduce labor needs with Automated Technical Verification (ATV)

    During check processing, technical verification processes must be performed to confirm the validity and acceptability of the checks, in accordance with regulatory rules. Performing these processes manually, with visual checking of the physical checks or scanned images, requires significant time, effort, and risk for error.

    eFLOW Automated Technical Verification handles this process for you, reducing your labor needs so employees are only required for reviewing exceptions. As a back-end process solution, eFLOW ATV is able to integrate with any signature verification system or check processing system to make the entire verification process seamless. eFLOW ATV provides more than 15 available check points, based on common practices across various countries to ensure accuracy. Even without integration, the eFLOW ATV can be accessed via a GUI and utilized solely for handling exception reviews.

    eFLOW Automated Technical Verification (ATV) Features:

    Outward Check Clearing

    • Automated Image Quality Assurance (IQA)
    • Check Data Presence Validation (signature, payee name, courtesy or legal amount, check date)
    • Automated Technical Validation (ATV)
      • Valid MICR
      • Courtesy amount = Legal amount
      • Cash check validation
      • Valid date validation
      • Post/Stale date validation
      • Beneficiary account number

    Inward Check Clearing

    • Check Sum Validation
    • Check and Clearing Data Matching
    • Automated Technical Validation (ATV)
      • Courtesy amount = Legal amount
      • Cash check validation
      • Valid date validation
      • Post/Stale date validation
      • Debit account number validation
      • Bank code validation
    • High Dollar Detection
    • Positive Pay Integration
  • Outward Check Clearing

    Increase fraud prevention and process efficiency with Automated Outward Check Clearing

    In Check Truncation System practices, the presenting bank often has the obligation to ensure the integrity of check data, especially considering that the physical checks are truncated. With high-volume processing, it can be challenging for banks to meet the stipulated cut-off times for this, particularly for the last run of the day. Many banks are forced to hire additional manpower just to fulfill this need. Sound familiar?

    eFLOW CPS significantly enhances the efficiency of this process by automating outward check clearing validations. It not only saves you time and labor by removing the need for manpower to ensure the integrity of check data, but gives you more protection against fraud with consistent, reliable validations.

    eFLOW CPS for Outward Check Clearing–Features that boost efficiency and increase fraud prevention:

    • Capture – Image Scanning
    • Automated Image Quality Assurance (IQA)
    • Ultra Violet (UV) Validation
      • Check Authenticity
      • Field Alteration
    • Check Data Presence Validation
    • Check Data Automated Extraction (MICR, check date, payee name, courtesy and legal amount)
    • Automated Technical Validation (ATV)
      • Valid MICR
      • Courtesy amount = Legal amount
      • Cash check validation
      • Valid date validation
      • Post/Stale date validation
      • Beneficiary account number

    Four/Six Eyes

    • Maker and Checker Configurable Flow
    • Check and Slip Balancing
    • Balancing
    • Report/Reconciliation
    • SLA Monitoring
  • Inward Check Clearing

    Reduce labor needs required for Inward Check Clearing

    The eFLOW Inward Check Clearing and Outward Check Clearing modules run on the same document process automation platform, eFLOW. The eFLOW platform has the power to automate end-to-end document-centric processes in accordance with specific business rules, while modular functionality makes it flexible enough to address the complex and wide-ranging requirements of enterprises.

    The eFLOW Inward Check Clearing module uses data capture and imaging technology to reduce the labor required to carry out technical and signature verification, manual data entry, and validation…helping you achieve greater straight-through processing, improved productivity, and lowered costs.

    eFLOW CPS for Inward Check Clearing–Features that boost efficiency and increase fraud prevention:

    • Signature Validation (Interfacing with SVS)
      • ASV module is made available in CPS
      • Fuzzy logic with transaction amount scoring
    • Check Checksum Validation
    • Check and Clearing Data matching
    • Automated Technical Validation (ATV) 
      • Courtesy amount = Legal amount
      • Cash check validation
      • Valid date validation
      • Post/Stale date validation
      • Debit account number validation
      • Bank code validation
    • High dollar detection
    • Positive pay integration
    • SLA monitoring
    • Sanction account monitoring
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