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

Qander Finance -  - Payments

Qander Consumer Finance leverages Newgen’s automation platform to transform and automate their banking processes, delivering credit offers to customers in under a minute.

Wilson Bank -  - Payments

Learn how Wilson Bank & Trust is leveraging Newgen’s Digital Transformation Platform for online account opening, business banking, and small business lending.

Bridgehampton National Bank -  - Payments

Nancy Foster, SVP and Credit Administrator, talks about using Newgen’s solutions to digitally transform BNB Bank’s banking processes for improved customer experience.

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Webinar: Newgen Loan Origination Solution – A Game Changer for Financial Institutions

Webinar

Newgen Loan Origination Solution – A Game Changer for...

Thursday, January 27, 2022

Join EDMS Consultants Sdn Bhd and Newgen Software in this webinar on January 27, 2022, ...

Webinar: Newgen Loan Origination Solution – A Game Changer for Financial Institutions

Webinar

Newgen Loan Origination Solution – A Game Changer for...

On-Demand

Join First Cambodia Co. Ltd. and Newgen Software in this webinar on January 19, 2022, ...

Video: Digital business lending solution

Video

Digital business lending solution

Watch our 60-minute webinar on demand to hear about Newgen's Digital business lending solution.

Fireside Chat: Delivering rapid business value through low code in BFSI

Fireside Chat

Delivering rapid business value through low code in BFSI

Join Naresh Mehta, Head of Digital, Sales and Solutions – BFSI (US East), Tata Consultancy ...