Cheque Truncation System
Montran’s Cheque Truncation System (CTS) is designed to deliver fast and efficient processing of cheque payments. Originally designed for the Middle Eastern market, CTS is now available as a tailored solution for clients worldwide.
Key Features
Solution Components
Key Benefits
Reduction in Physical Processing Errors
CTS eliminates physical processing of cheques and transforms the complete operation to an electronic operation. As a result, transit and handling of cheques is reduced in turn reducing misplacement and loss.
Short Clearing Cycles
CTS enables faster clearance of cheques through its electronic intervention ensuring better single day clearance, effective cheque collection, lowered operational costs and overall an improved customer experience.
Accurate Reconciliation
An electronic cheque clearance solution means banks can deliver accurate and higher quality reconciliation of cheques with little to no geographic or time restrictions and leverage a drastic reduction in costs related to collection and manual processing of cheques.