Payment Services
Cheque Image Capture Scanners
Cutting-edge cheque imaging technology. Hardware and software fulfilment solutions.
Speeding up the processing of cheque payments within a reducing branch network
Customers and businesses rely on efficient payment systems to move money around the economy. As we adopt more digitised payment methods, legacy payment tools such as cheques have been eclipsed. However, even as cheque numbers decline, cheque users have remained loyal. The paper clearing system in use in the UK up until 2017, where physical documents were shipped around the country, was protracted and delayed transactions. This coupled with a reducing bank branch network has seen the ability of businesses to process cheque payments as both costly and time consuming.
The physical tangible document, of comfort to many organisations, has long been a target of fraudsters. Covert and overt fraud prevention methods adopted to help deter fraudulent transactions mean that only approved accredited security printers have been able to produce bank-approved cheques within the strictest specifications.
Providing Remote Deposit Capture (RDC) facilities to bank commercial customers has had a slow take-up since the launch of the Image Clearing System (ICS) that replaced the paper-based clearing process in the UK. Whilst personal customers have been able to deposit cheques using mobile apps, business banking clients, who typically deposit larger numbers of cheques, have not been afforded the option of RDC.
Key challenges of cheque imaging services
Time and cost
Increased costs making local branch deposits amidst branch network closures.
Investment
Hard to justify investment in a declining payment service.
Compliance
Supporting business cheque customers in making remote deposits efficiently.
Customer experience
Reducing bank branch networks forcing change in customer payment processes.
Carbon
Burden of paper production and increasing pressure to reduce the carbon footprint of cheque documents. Branch visits to deposit cheques.
Fraud
Prevention of cheque fraud within the cheque image clearing system (ICS) with processing of image only transactions.
Our capabilities
Cheque scanners that meet your organisation’s cheque imaging needs
Our cheque imaging experts can guide you through your options.
Cheque imaging is the process that enables images of paper cheques to be exchanged between banks and building societies, through the Image Clearing System, for clearing and payment. This significantly speeds up the clearing process by removing the need for the actual paper cheque to be transported physically around the country. The introduction of faster cheque clearing involved the creation of a completely new payments system. One that now offers next working day clearance of cheque payments with many banks and building societies allowing customers to access their funds earlier than this.
We have been implementing cheque imaging fulfilment services to enable organisations to take advantage of the new ICS and the opportunities to speed up clearing using Remote Deposit Capture (RDC), the process of electronically depositing a cheque into a bank account from a remote location, such as at home or in an office. This is typically done by capturing an image of the cheque using either a cheque scanner or a camera-enabled device such as a smartphone, and then transmitting that image to the bank over a secure connection in place of the original paper document.
We supply a comprehensive range of cheque image capture scanners in partnership with Digital Check, the world’s largest cheque scanner manufacturer (suppliers of the highest installed scanner base in the world with more than 1 million units). These scanners can be divided roughly into three main categories: –
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Dedicated high-volume for businesses
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Dedicated low-volume for businesses
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Mobile for microbusinesses and consumers
Our scanner range is available to suit these categories in high, medium and low volume respectively. A dedicated scanner is the most efficient way to use (RDC) Remote Deposit Capture for those who process sufficient quantities of cheques.
Our cheque image capture scanners produce highly secure, accurate and quality images that can reduce queries and errors, guarantee compliance and reduce processing times for enhanced customer service and satisfaction.
Our clients know they can rely on our investment and innovation in cheque imaging services to handle any changes in volumes or industry needs in the future, whilst delivering real efficiency and added value.
Dedicated stock
Cheques scanners dispatched from UK stockholding.
Resource
Dedicated cheque scanner support team.
Comprehensive range
Wide choice of cheque scanners to meet volume and operational requirements.
Digitisation
Remote Deposit Capture (RDC) capability.
Same day upload
Same day upload of all cheque images to bank portal.
Multiple formats
Captures and extracts data from varying cheque formats.
The benefits
Volume
Flexible and scalable
Comprehensive range of cheque scanner models to suit cheque volume requirements.
Satisfaction
Happy customers
First class products synonymous with quality, security and value backed by dedicated support.
Cost saving
Reduction
RDC reduces the need for costly and time-consuming visits to local branches to deposit cheques
Compliance
Conformity
Scanned images meet all current standards for onward transmission to bank or switch.
Reliability
Customer service
Consistent levels of cheque imaging backed by trouble-shooting resources.
Sustainability
Your team
Frees up valuable resource and reduces your carbon footprint by avoiding trips to local bank branches to deposit cheques & cash.
Cheque Scanner Resources
We have created additional resources regarding our range of scanners, set-up and troubleshooting guides, please click on the link below for more information.
Other services you may also be interested in
Send-A-Cheque™ Service
Mailroom management and digitisation of all inbound customer communication for onward distribution, upload to online portals or relevant processing duties.
Disaster Recovery Services
Operational recovery planning solutions that are tailored to ensure your business continues to operate without disrupting your services.
Cash Allocation
Multiple payment channels allocated to appropriate customer accounts through automated or manual activities.
Talk to one of our cheque imaging experts today
Want to find out more? We would be happy to discuss your organisation’s challenges and how Parseq’s cheque imaging solutions could quickly provide you with real value.
