Payments

Streamline your payment processes with new technologies to deliver a modern and seamless customer experience.

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 Payments Automation Software - Payments

Payments Automation Software


Automate your end-to-end payment processes by leveraging our unique, platform-based solutions. Empower your employees with the tools to digitally capture images, process cheques in a paperless environment, increase efficiency and accuracy, and deliver a seamless customer experience across all channels and devices.

Payments

Check/Cheque Truncation System (CTS)

Also referred to as the Check/Cheque Image Clearing System (CICS)

  • High-quality images of physical checks/cheques
  • Reduced time taken for clearing checks/cheques
  • Truncation of the check/cheque image at the presenting bank and seamlessly moving through the check/cheque-clearing cycle
  • Check/cheque access from any machine within the banks’ network
  • Better reconciliation of checks/cheques and prevention of fraud

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Payments

Signature Verification System

  • A repository of signatures and policy mandates that can be dynamically accessed during the clearing process
  • Support for account definition, signatory mapping, mandate scanning, and image cropping
  • Simple to complex logics based on different amount bands and signatory categories
  • Auto-validation of rules based on the amount and signatories present on the check/cheque or mandate form
  • Guaranteed process compliance and reduced risk

Payments

Automated Clearing House

  • Elimination of paper-based checks/cheques for routine payments
  • Access from any machine on a network using a web-based, user-friendly system
  • Adherence to the central bank’s guidelines related to faster transfer of funds using electronic instructions
  • Straight-through processing for incoming transactions

Payments

Post Date Check/Cheque Management System (PDCMS)

  • Advanced imaging and automation technologies for faster check/cheque clearing
  • Check/cheque images used instead of physical copies
  • Scanning, record management for vaulting, and lodging/withdrawal of post-dated checks/cheques
  • Shorter processing cycles by keeping track of check/cheque presentation dates

Payments

Mobile Check/Cheque Capture System

  • Submission of high-quality check/cheque images using camera-equipped smartphones enabling retail and corporate customers and field agents
  • Real-time processing
  • Virtual presentation of checks/cheques to the central bank for clearing

 

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Solutions for Financial Institutions

Deliver a frictionless, personalized, and omnichannel...

Ensure scalability to cater to all loan types and...

Improve compliance and efficiency by automating and...

Streamline your payment processes with new technologies to...

Comply with regulatory requirements to mitigate risk and...

Success Stories

Credit offers in less than 1 minute - Payments

Credit offers in less than 1 minute
Qander Consumer Finance leverages Newgen’s automation platform to transform and automate their banking processes,...
End-to-end automation of loan origination process - Payments

End-to-end automation of loan origination process
John J. Smith, EVP and Chief Information and Administrative Officer, talks about using Newgen’s solutions to automate...
50% reduction in costs - Payments

50% reduction in costs
Nancy Foster, SVP and Credit Administrator, talks about using Newgen’s solutions to digitally transform BNB Bank’s...

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Video: Old Point National Bank on Embracing Transformation in the Financial Industry

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Video: Advia Credit Union on Embracing Transformation in the Financial Industry

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Watch this video to understand how Advia Credit Union is leveraging Newgen to seamlessly integrate ...

Webinar: Digital Lending Ecosystems – Building Your Flywheel

Webinar

Digital Lending Ecosystems – Building Your Flywheel

Tuesday, August 24, 2021

Join Alex Johnson, Director of Fintech Research at Cornerstone Advisors and Ankur Rawat, Banking Products Director, ...