Award winning cheque printing software. Patented cheque fraud prevention solutions. Cheque & cash deposit management systems.
Customers who rely on making and receiving cheque payments within their business processes face increasing costs and greater demands on internal resource.
Handwriting cheques takes time together with accessing necessary signatories to authorise the cheque payments. Even when cheques can be produced using accountancy packages, fraud prevention features may not be present on existing cheque stock.
The physical tangible document has long been a target of fraudsters. Cheque image clearing allows customers to simply take a photograph of the cheque to make a deposit. Their bank then does not see this physical document to decide if it is fraudulent or not. Bank-mandated covert and overt cheque fraud prevention features 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.
However, even the simple image survivable features (ISFs) applied to cheques at time of print can be fraudulently altered by those who are determined enough.
With the reducing bank branch network, businesses are finding it increasingly difficult to visit local branches to deposit cash and cheques. This can be time consuming and dependent on available staff resource. Even low numbers of cheques received can prove challenging to deposit for organisations.
Increased demands on internal resource and expenditure to produce or deposit cheque payments.
Hard to justify investment in a declining payment method.
Ensuring cheques meet current standards and include bank-mandated ISFs.
Changing trends in customer payment processes.
Burden of paper and increasing pressure to reduce the carbon footprint of cheque documents.
Prevention of cheque fraud within the cheque image clearing system (ICS).
Our cheque software solution experts can guide you through your options.
We understand the need to maintain cheque payments within organisations. Many see these ‘good old dependable cheques’ as an extension of the brand identity. The ability to print cheques in house remains an operational requirement. We have developed award winning cheque printing software, CheckPrint™ Solution, to enable businesses to produce cheques on pre-printed base stock, often pre-signed, in order to automate and speed up the process of creating regular, or ad-hoc, payments. Full reconciliation of payments is included within the software.
The cheque remains one of the safest forms of payment yet fraudsters will still attempt cheque fraud. Our long-established relationships with UK high street banks has enabled us to be at the forefront of cheque fraud prevention by adopting both covert and overt security features. With cheque image clearing now in place in the UK, Image Survivable Features (ISFs) are now bank-mandated. We have led the security print industry in this regard from the addition of a simple Unique Coded Number (UCN), an alpha-numeric string printed on the face of the cheque at time of printing to a patented encrypted QR code, UCN Plus® added to business or ‘special’ cheques at the point of infilling. The UCN Plus® offers enhanced cheque fraud protection particularly when added to high value business cheque payments.
We recognise the demand to reduce overheads and streamline processes within any business. Our knowledge and expertise within the payments industry has seen the development of combined technology to capitalise on the cheque image clearing system.
Our Banking Assistant software is a cheque and cash deposit management system that supports customers receiving cheque payments, (and wishing to deposit cheques remotely, depending on the individual bank or building society). It combines a desktop cheque scanner to capture the image and details from the cheques with a comprehensive software package that uses this data to:
Our clients know they can rely on our investment and innovation in cheque processing services to handle any changes in volumes or industry needs in the future, whilst delivering real efficiency and added value.
Software packages at the leading edge of the industry.
Dedicated software & scanner support team.
Wide choice of software packages and cheque imaging scanners to meet volume and operational requirements.
Patented cheque fraud prevention solutions.
Software packages to suit operating requirements.
Software for full daily reporting and reconciliation of cheque images.
Comprehensive range of cheque processing packages to suit cheque volume requirements.
First class products synonymous with quality, security and value backed by dedicated support.
Software reduces the need for costly and time-consuming visits to local branches to deposit cheques.
Printed and scanned images meet all current standards for onward transmission to customer, bank or switch.
Consistent levels of cheque processing backed by trouble-shooting resources.
Frees up valuable resource and reduces your carbon footprint by avoiding trips to local bank branches to deposit cheques & cash.
Mailroom management and digitisation of all inbound customer communication for onward distribution, upload to online portals or relevant processing duties
Data extraction and validation of invoices (digital or paper)
Multiple payment channels allocated to appropriate customer accounts through automated or manual activities
Want to find out more? We would be happy to discuss your organisation’s challenges and how Parseq’s payment software solutions could quickly provide you with real value.