NETS Cheque Truncation System
Do more with the world’s first nation-wide cheque processing solution
NETS Cheque Truncation System (CTS) empowers your business to realise operational flexibility and greater benefits while minimising manpower needs. Leveraging cheque clearing technology, this sophisticated cheque processing solution comes fully equipped to meet the demands of clearing houses and financial institutions.
About
What is NETS Cheque Truncation System?
NETS Cheque Truncation System (CTS) enables online capturing and processing of cheque data and images for transmission to the clearing house, thus facilitating real-time clearing. The solution comprises of two core products: NETS BeCTS for Central Banks and NETS FeCTS for Commercial Banks.
A premium cheque clearing solution, NETS CTS is the result of continuous development efforts with our customers. Harnessing web-based architecture with open technology, it is both user friendly and parameter driven. Today, the solution supports many leading clearing houses and banks in the region.
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NETS BeCTS
(for Central Banks)
NETS BeCTS is a fully automated image-based cheque clearing system that facilitates seamless image exchange and processing, thereby revolutionising cheque clearing operations in Singapore and within the region. Easily configured to support intra, inter-city clearing as well as countrywide clearing, NETS BeCTS processing is done online so users can view position enquiries or submit and download clearing information in real time.
NETS FeCTS
(for Commercial Banks)
NETS FeCTS system effectively manages cheque clearing operations via electronic images of cheques and data, and is designed to minimise human intervention by performing reconciliation automatically. By capturing, transmitting and receiving cheque information easily, NETS FeCTS is the ideal solution to streamline cheque clearing operations, cut operating costs and greatly enhance speed and efficiency for your business.
Benefits
Why NETS Cheque Truncation System?
Enables operational flexibility with value-added options
NETS BeCTS has definable routing rules and processing time windows, as well as a recasting module to unwind a participant’s position to adhere to risk requirements.
Integrates seamlessly with other systems
NETS BeCTS can work with NETS FeCTS, providing a unified end-to-end solution to meet all your processing needs. It also contains a user-friendly gateway module which allows for seamless integration to other third-party front-end systems to protect existing investments.
Enjoy enhanced benefits with NETS Archive
Complement NETS BeCTS with NETS Archive, our multi-dimensional storage and retrieval management system which may be used to manage captured information for the longer term.
Streamline cheque clearing operations
Cut operating costs and greatly enhance speed
Improve efficiency for your business
Enables operational flexibility with value-added options
NETS BeCTS has definable routing rules and processing time windows, as well as a recasting module to unwind a participant’s position to adhere to risk requirements.
Integrates seamlessly with other systems
NETS BeCTS can work with NETS FeCTS, providing a unified end-to-end solution to meet all your processing needs. It also contains a user-friendly gateway module which allows for seamless integration to other third-party front-end systems to protect existing investments.
Enjoy enhanced benefits with NETS Archive
Complement NETS BeCTS with NETS Archive, our multi-dimensional storage and retrieval management system which may be used to manage captured information for the longer term.
