Cheque Truncation System

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Overview

TrustCKYC is a complete C-KYC solution integrated with your CBS and Central KYC Registry.

TrustCKYC Solution support Open Architecture to integrate with Bank’s CBS thro’ API integration.

TrustCKYC have been implemented at many commercial banks, schedule banks, co-operative banks with complete integration with their legacy CBS System.

TrustCTS is a complete CTS Adapter for the Banks which are member to CTS Grid under Direct Membership OR as a Sub-member Bank to Sponsor Bank. TrustCTS integrates the Bank’s CBS (Core Banking System) with Bank’s CHI (Clearing House Interface). The CHI System is generally used by the Banks on SaaS (i.e. Software as a Service) basis from CHI provider or from its Sponsor Bank.

TrustCTS comprises both workflows i.e. Inward & Outward for end-to-end automated clearing Solution for Banks. The Features, Process & Integration Points with CBS for both work flows i.e. Inward Clearing & Outward Clearing are as below:



Inward Clearing Process

  • 1. The Paying Banking (i.e. Our Bank), receives a Clearing Lot from Sponsor Bank in form of two files i.e. Binary File & XML File.
  • 2. TrustCTS Adapter Program decrypts the Binary File AND extracts all cheque images (all 3 images i.e. Original Cheque, Black & White Mode, Advanced Text Enhancement Mode). The extracted cheque images are named with the ‘File Name Nomenclature’ as suggested by the Bank AND these images are extracted in the folder as suggested by Bank.
  • 3. The cheques information is extracted from the xml file. To facilitate ‘Transaction Batch Import’ into your CBS, TrustCTS creates the ‘Transaction Batch’ in prescribed xls format to import it into Bank’s CBS for the ‘Inward CTS Transaction Batch’ posting.
  • 4. The Inward Return information is filled in the xls file (in prescribed format) by the Bank.
  • 5. The TrustCTS Adapter, generates the xml and binary file for the Inward Returns from the Bank and uploads it to Sponsor Bank.

Note: In above process, TrustCTS provides the API for Push & Pull Integration from Bank’s CBS OR TrustCTS provides the ‘Batch in prescribed xls format’ to post into CBS. The integration with CBS shall be completed Bank’s CBS Provider. Without integration also, the Bank can use TrustCTS Adpater with user entries into its CBS.


Outward Clearing Process

  • 1. TrustCTS Adapter Program provides ‘Outward Cheques Data entry form’ in which Bank Enters the data for cheque viz: cheque no., date, amount, drawee Bank etc. presented to the Bank by its customers.
  • 2. The Bank Scans all cheques in CTS Cheque Scanners. The scanners supported by TrustCTS are recommended to the Bank.
  • 3. TrustCTS Adapter provides utility to verify ‘MICR Strip read data’ on the Scanned Images WITH the ‘Cheque Data’ entered in above form.
  • 4. Utility to generate the binary file and xml file for outward clearing.
  • 5. TrustCTS provides Utility to read the response file and the outward return file.
  • 6. To facilitate ‘Transaction Batch Import’ into your CBS, TrustCTS creates the ‘Transaction Batch’ in prescribed xls for ‘Outward Clearing Transactions’ and ‘Outward Return Transactions’. These two files can be imported into bank’s CBS for posting the Transaction Batches.

Note: In above process, TrustCTS provides the API for Push & Pull Integration from Bank’s CBS OR TrustCTS provides the ‘Batch in prescribed xls format’ to post into CBS. The integration with CBS shall be completed Bank’s CBS Provider. Without integration also, the Bank can use TrustCTS Adpater with user entries into its CBS.