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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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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