:: DessCTS (Cheque Truncation System) - Product Overview ::

What is Cheque Truncation system?

Cheque Truncation System is designed to enable banks to handle more cheque electronically, which should make cheque processing faster and more efficient. Today, banks often must physically move original paper cheques from the bank where the cheques are deposited to the bank that pays them. This transportation can be inefficient and costly.

How will DessCTS make cheques processing more efficient?

Instead of physically moving paper cheques from one bank to another, DessCTS will allow banks to process more cheques electronically. Banks can capture a picture of the front and back of the cheque along with the associated payment information and transmit this information electronically.

This process enables banks to reduce the cost of physically handling and transporting original paper checks, which can be very expensive.