Banks work against the clock to meet deadlines set by Clearing Houses, a process which often distracts managers from profit generating tasks. C-CATS allows electronic exchange of cheque images and data, between Branches/Service Branch/Nodal Branch prior to physical cheque delivery. This allows branches to dramatically increase the cheques processing time available and moves part of the data entry task from Service Branches/Nodal Offices to Branches.
Intra-Bank Cheque Clearing can often take longer than Inter-Bank clearing due to bottlenecks in physical cheque delivery systems and the precedence that Clearing House cheques take over Intra-Bank clearing. C-CATS allows banks to implement Intra-Bank clearing of cheques in hours.
C-CATS uses Testkeys, Asymmetrical encryption, Symmetrical Encryption and hardware dongles in addition to Server based passwords and SSL making it an extremely secure system.
C-CATS implements MICR and Image Scanning simultaneously allowing the branch on which a cheque is drawn to verify both data and signatures before the physical cheque is delivered.
C-CATS dramatically increases the processing time available for Local Clearing of cheques and allows Intra-Bank clearing in Hours.
A single station PC, a low cost MICR/Image scanner and a standard dial-up modem is all the hardware that is required for most branches.
Clearing House Files
C-CATS creates files for Outward Clearing House Cheques as well as uploads and distributes Inward Clearing House Cheque files.
Inter-Branch / Nodal Office Systems
C-CATS allows Users to process Intra-Bank cheques directly between branches or via a Nodal Office.
Flexible Authorization Automation
Users can define authorization automation so that cheques meeting certain criteria be automatically processed and others await manual officer authorization.
C-CATS allows Intra-Bank clearing in any number of currencies.
C-CATS has both a fat client and a thin client allowing a Bank to have either a centralized or distributed database for signature verification.
Banks wishing to have a centralized signature database can have a 24X7 server for signature verification via HTTP or can have an on-demand signature verification using SMTP.
messages are XML compliant.
Banks having legacy baseline systems can implement C-CATS using its batch database replication system.