• System conforms to the requirements of the IT Act 2000 and the Negotiable Instruments (Amendments & Miscellaneous Provisions) Act 2002 for recognition of images as valid instruments for payment by the drawee Banks

• PKI based security is implemented at domain level and user level

• Parameter based Encryption, Digital Signature at Instrument, File level for optimum bandwidth usage

• Each instrument is digitally signed at Capture stage

• Sensitive data encryption like Routing No, Account No at database level using 3DES

• Password encryption using SHA1

• Provides a policy based business risk management module for cheque clearing and settlement

• Customizable User Selected Rules in Fraud filters for

      i) Four eye validation
      ii) New account screening
      iii) Invalid Routing / Transit numbers
      iv) Post Dated Cheques
      v) Duplicate items in Batch and Database
      vi) Deterring high value transaction
      vii) Similar items
      viii) Physical Signature verification at IP

• Threshold limits (Days / Amount) for New Accounts can be set at the Account and Account Type levels

• Centralized / Distributed / Standalone image capture system

• Remote capture at the branch, service branch, off-premises including corporate and merchant locations

• Scanning hardware is not limited to one type of check scanner to run your item processing applications

• Provision for endorsing unique item sequence number on the instruments

• Capable of accepting multiple image formats (tiff, jpeg)

• Capture front and rear images as per Central Bank specification

      i) Black and White Front – 200 DPI/TIFF/CCITT G4
      ii) Black and White Reverse – 200 DPI/TIFF/CCITT G4
      iii) Grey scale Front – 100 DPI/JPEG/JPEG

• Settlement module for inter bank, intra bank and inter city clearing with capabilities for consolidating the day’s inward and outward presentments on the participating branches with tight integration to the General Ledger module

• Settlement grouping by Participant, Touch Points, Clearing Type and Account with Multiple session closing and Day closing option

• Reconciliation drill down to the Transaction level

• Supports Lock box processing, Straight Trough Processing to Corporate customers

• Comprehensive system security and extensive system logs / activity tracking

• Scanners and data enrichment at our end.(Physical Checks are transported to our end) by the bank / courier service.

• Remote Data Capture method: Capture of checks at different bank locations by WISECOR staffs (No Transportation of physical checks required).

• Creating multiple HUBS for scanning (ex: Checks of multiple branches are brought to one HUB) and data sent for data enrichment at our end via Application.

• Scanning of Cheques done by Bank and sent to us, using our application, for data enrichment(Without any transportation of physical checks).