Veracious NACH SYSTEM has the following five modules integrated into one.

• Automated Debit Module

• Automated Credit Module

• Mandate Management System – (Image based processing)

• Direct Beneficiary Credit Module (Aadhar Enabled Payments)

• Corporate Access Module

The solution is built to integrate and offer cross-ways to all the Five needs in resonance with the NACH System of NPCI and enables the Bank to effectively handle all the needs with the least effort.

• Single Standard Platform for all types of Debit, Credit, Mandate Management, Aadhar Payments.

• Synchronises with the existing CBS environment.

• Provides Virtual extension of Branches to Corporate Locations through Remote Capture.

• Increases the efficiency in operation and Reconciliation.

• Extensive leverage of global knowledge and experience in CTS and ePayments Domain.

• Best in class application and technology solutions – Open, Modular, Highly parameterized, Scalable, Flexible and Secure.

• Structured implementation and support.

• Scan & Capture image and data

• Import & Capture image and data

• Data Enrichment/Repair

• Validations

• Decisions enabling

• Exchange to NPCI

• Digital Signature

• Export to CBS/Database Reporting.

• Scanner Independent – Any Cheque Scanner/Flatbed scanner

• All Image Processing Features.

• Hot key functions for speedy data entry.

• Highly scalable for expansion.

• IQA engine for Image Quality Assurance

• State of the art security features

• Maker/Checker enabled Risk Management features

• Outward/Inward presentations of mandates at Branch/Service Branch Level.

• Multiple clearing houses including home clearing.

• Extensive validation rules.

• Can keep transactions on hold

• Search and query model (based on UMRN) for image retrieval.

• Auto management of direct debits.

• Effective interface with NPCI file formats.

• Who did what and when logs for audit purposes.

• Audit enquiries online and from archives.