Clients: Alan Walker
Category: IT, Technology
Date: 03/22/2022
Value: 5000 USD

The XNETT Cheque Truncation System (CTS) streamlines the processes for clearing cheques, via a combination of modules: the scanner module for scanning the cheques which is carried out remotely from the Bank branch. The scanned cheque(s) will then be uploaded to the clearing house where Authorization is done via the Authorization module, and then files are generated for the cheque using the File Generation/File Processing (truncation) module. The file is then sent to the National Clearing House and also to the Bank from where the cheque originated from for Approval/Rejection.