pibas Electronic Clearing System
PIBAS' Electronic Clearing System offers an innovative technological solution that is based on electronic image processing.
In today's fast-paced banking environment, efficient cheque processing is essential for customer
satisfaction and operational excellence. PIBAS ELECTRONIC CLEARING SYSTEM delivers a
comprehensive, next-generation solution that streamlines clearing processes while ensuring
compliance with national banking standards.
- End-to-End Process Coverage
- Online Real time inward / outward clearing
- Fully automated settlement
- Cheque images transformation through optimized encrypted streaming
- No deployment required on client sites
- Secure and reliable solution
- Browser based solution
- Platform independent
- Load balancing for optimized performance
- Automated clearing house fee, charges, penalties & offset entries
- A cost-effecctive solution
Benefits:
Features:
Smooth & Hassle-free clearing settlement
The system enables the clearing house with smooth & hassle free settlement clearing. The system
works transparently from daily routine activities to settlement, and doesn’t require any human
intervention at the clearing house
Offline mode
An offline mode mechanism has been introduced in the Electronic Clearing system, that facilitates
in keeping the system continuously in servicing mode. This mode is available for both the clearing
house as well as members of the clearing house
Monitoring console for Country-wide clearing movements
PIBAS' Electronic Clearing system provides executives with country-wide live clearing activities on a
single screen. This screen features a drill down mechanism which provides, not only a 360° view of
country-wide clearing, but also infiltrates from a settlement amount of any given bank to a single
submitted cheque
Automated Correspondence
Introduces an automated correspondence mechanism to banks / branches for efficient & hassle-free
reporting to all stakeholders for un-attended cheques / clearing while performing clearing house settlement