CTCS, eProtea Chequeworks
3
Introducing ePROTEA’s Introducing ePROTEA’s comprehensive cheque truncation and comprehensive cheque truncation and conversion solution conversion solution (CTCS) (CTCS) to to provide the Banks and Billers the provide the Banks and Billers the capability to scan, convert and process cheque images or MICR capability to scan, convert and process cheque images or MICR information in accordance to BNM’s IQA and Compliances including information in accordance to BNM’s IQA and Compliances including UPI (Unpaid Items) effortlessly. UPI (Unpaid Items) effortlessly. What is CTCS all About? What is CTCS all About? • Outward Cheque Clearing System with IQA • Inward Cheque Clearing System • Positive Pay Cheque Identification System • Signature Verification System • Cheque Fraud Detection System with Fraud Case Management System (Available in Q1 2008) • CAR and LAR Verify (Available in Q2 2008) ePROTEA Chequeworks™ 2007 Solutions Copyright © 2007 ePROTEA. All rights reserved. Trademark Rights ePROTEA Logo and the ePROTEA product and service names referenced in this document are trademarks and service marks or registered trademarks and service marks of ePROTEA. Other company products, names and service marks mentioned in the document are trademarks of their respective owners. ePROTEA reserves the rights to change the specifications or other product information without prior notice. The Benefits of CTCS Implementation… • Clearing of Cheque on T+1 Nationwide • Eliminate physical movement / delivery of cheques • Reduce time lag between presentation of the cheques and realization of proceeds • Eliminate unnecessary duplicate process and streamline the clearing process • Enjoy extended cut-off time – Up to 9pm daily • Increase efficiency of clearing and settlement process • Reduce risks as cheques fate can be known on the next working day • Long term cost savings • Improved operation efficiency at organization’s back-office operations In early 2007 In early 2007 BNM has initiated the BNM has initiated the CTCS (Cheque Truncation and CTCS (Cheque Truncation and Cheque Conversion) project which is Cheque Conversion) project which is an image-based cheque clearing an image-based cheque clearing process and MICR data replacing process and MICR data replacing the current physical cheque the current physical cheque processing throughout the whole processing throughout the whole clearing cycle. clearing cycle. Implementation Timeline Implementation Timeline Banks or Billers can participate as Banks or Billers can participate as early as October 2007 (Pilot) or April early as October 2007 (Pilot) or April 2008 onwards. 2008 onwards.
Transcript of CTCS, eProtea Chequeworks
Introducing ePROTEA’s Introducing ePROTEA’s comprehensive cheque truncation and comprehensive cheque truncation and conversion solutionconversion solution (CTCS)(CTCS) to to provide the Banks and Billers the provide the Banks and Billers the capability to scan, convert and process cheque images or MICR capability to scan, convert and process cheque images or MICR information in accordance to BNM’s IQA and Compliances including information in accordance to BNM’s IQA and Compliances including UPI (Unpaid Items) effortlessly.UPI (Unpaid Items) effortlessly.
What is CTCS all About?What is CTCS all About?
• Outward Cheque Clearing System with IQA
• Inward Cheque Clearing System
• Positive Pay Cheque Identification System
• Signature Verification System
• Cheque Fraud Detection System with Fraud Case Management System (Available in Q1 2008)
• CAR and LAR Verify (Available in Q2 2008)
ePROTEA Chequeworks™ 2007 Solutions
Copyright © 2007 ePROTEA. All rights reserved.
Trademark Rights ePROTEA Logo and the ePROTEA product and service names referenced in this document are trademarks and service marks or registered trademarks and service marks of ePROTEA. Other company products, names and service marks mentioned in the document are trademarks of their respective owners. ePROTEA reserves the rights to change the specifications or other product information without prior notice.
The Benefits of CTCS Implementation…
• Clearing of Cheque on T+1 Nationwide
• Eliminate physical movement / delivery of cheques
• Reduce time lag between presentation of the cheques and realization of proceeds
• Eliminate unnecessary duplicate process and streamline the clearing process
• Enjoy extended cut-off time – Up to 9pm daily
• Increase efficiency of clearing and settlement process
• Reduce risks as cheques fate can be known on the next working day
• Long term cost savings
• Improved operation efficiency at organization’s back-office operations
In early 2007In early 2007 BNM has initiated the BNM has initiated the CTCS (Cheque Truncation and CTCS (Cheque Truncation and Cheque Conversion) project which is Cheque Conversion) project which is an image-based cheque clearing an image-based cheque clearing process and MICR data replacing process and MICR data replacing the current physical cheque the current physical cheque processing throughout the whole processing throughout the whole clearing cycle. clearing cycle.
Implementation TimelineImplementation TimelineBanks or Billers can participate as Banks or Billers can participate as early as October 2007 (Pilot) or April early as October 2007 (Pilot) or April 2008 onwards.2008 onwards.
ePROTEA – Your Preferred Cheque Truncation & Conversion Service Provider (SP)ePROTEA – Your Preferred Cheque Truncation & Conversion Service Provider (SP)
Conventional model of other Service ProviderConventional model of other Service Provider
In our opinion, the conventional Service Providers In our opinion, the conventional Service Providers adopt a very manual process in the sense of adopt a very manual process in the sense of collecting and handling of physical cheques. collecting and handling of physical cheques. Manual processes introduce a lot of errors and Manual processes introduce a lot of errors and handling risks from collection to data entry when handling risks from collection to data entry when it comes to remote areas or branches with small it comes to remote areas or branches with small cheque volumes and it is a costly affair.cheque volumes and it is a costly affair.
The Bank or Biller loses the control process of the The Bank or Biller loses the control process of the physical cheques and is subjected to the physical cheques and is subjected to the efficiency of the Service Providers. efficiency of the Service Providers.
We believe we have better CTCS deployment We believe we have better CTCS deployment model for your consideration.model for your consideration.
How are we different?How are we different?ePROTEA adopts an ASP (Application Services ePROTEA adopts an ASP (Application Services Provider) model. Provider) model.
We will empower the Bank or Biller branches We will empower the Bank or Biller branches users (or even to your corporate customers) to users (or even to your corporate customers) to self-serve and capture the cheque images self-serve and capture the cheque images and/or MICR information at their local offices and/or MICR information at their local offices wherever they may be - in KL or East Coast or wherever they may be - in KL or East Coast or even as remote places in East Malaysia and even as remote places in East Malaysia and transmit the cheque images and MICR transmit the cheque images and MICR information online to their HQ for cheques information online to their HQ for cheques consolidation, verification, reconciliation, consolidation, verification, reconciliation, integration and posting to Bank/Biller Host integration and posting to Bank/Biller Host System, package before sending to BNM via System, package before sending to BNM via ePROTEA TPA Data Centre.ePROTEA TPA Data Centre.
Chequeworks™ 2007 Chequeworks™ 2007 is a web-based system is a web-based system allowing easy accessibility from anywhere. The allowing easy accessibility from anywhere. The deployment is easy and it can be managed by deployment is easy and it can be managed by the Bank team itself.the Bank team itself.
Figure 1 : ePROTEA Service Provider Model vs Conventional SP Model
ePROTEA Service Provider Model vs Conventional SP Model ePROTEA Service Provider Model vs Conventional SP Model
Copyright © 2007 ePROTEA. All rights reserved.
Chequeworks™ 2007Chequeworks™ 2007 can help increase the efficiency provided by CTCS by expediting payment and receipt of funds, reduces the operational cost through the reduction or redeployment of redundant resources used for handling cash and cheques, and expedites the clearing process in the whole industry.
Level 29 Menara Promet Jalan Sultan Ismail 50250 Kuala Lumpur MalaysiaTel : +6 (03) 2330 1900Fax : +6 (03) 2330 1901E-mail : [email protected] : www.eprotea.com.my
delivering world-class solutions for the banking and securities industry
About ePROTEA ePROTEA Group of Companies is a Malaysian-based enterprise software solutions provider, which develops and markets its own intellectual property (IP) solutions for the financial, banking and securities market. • We are a team of creative, highly-versatile and technically competent professionals with a vision. We pride ourselves as we have undertaken and successfully implemented large-scale projects many times over for our prominent clients
Mark Your C
alendar!
Arran
ge fo
r CTC
S Pilot
Run
as early
as N
ovemb
er 20
07*.
Make a
date
with e
PROT
EA
today!
* Subjec
ted to
BNM
appro
val.
Table 1 : ePROTEA’s TPA Cheque Processing Model Benefits
Features & Benefits Comparison ChartFeatures & Benefits Comparison Chart
Check us out immediately!Check us out immediately!We offer to the Banks or Billers an easy ownership scheme. You can either purchase the total We offer to the Banks or Billers an easy ownership scheme. You can either purchase the total solution from us including the scanners, or subscribe on a reasonable rental basis. solution from us including the scanners, or subscribe on a reasonable rental basis. Hurry! Contact us at +603 - 2330 1900 for Ms Merina Lee or Mr Clement Loh today; or if you prefer to email to us at [email protected] or [email protected] for a presentation and demonstration of our solutions.
