CTS will bring in huge benefits to customers by substantially reducing the time taken to clear the cheques as well as to the banks by increasing operational efficiency by cutting down on overheads in physical cheque clearing by using cheque image, instead of the physical cheque. The cheque image is truncated at the presenting bank. Subsequently, the cheque image moves through various steps in the cheque-clearing cycle and transactions are settled on the basis of images and the data.
The internationally recognized WorldImages database provides access to the California State University IMAGE Project. It contains almost 75,000 images, is global in coverage and includes all areas of visual imagery. WorldImages is accessible anywhere and its images may be freely used for non-profit educational purposes. The images can be located using many search techniques, and for convenience they are organized into over 800 portfolios which are then organized into subject groupings. To explore them click below.
via Jackie Gerstein
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