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CubeIQ Solutions and Systems: Integrated Solutions
Automated Cheque Deposit System – ACDS™
Automated Cheque Deposit System is a solution for the automation of cheque deposits.
The solution consist of specialized, ATM like, terminals with fast document scanner and an OCR (optical character recognition), ICR (intelligent character recognition) and IWR (intelligent word recognition) capable CubeIQ's Cheque Deposit Application - CCDA™.
The terminals can be configured to work on-line to CubeIQ's Transaction Processing Server, or on-line to Bank’s host system or stand-alone with file transfer. They are installed at branch level, where the Bank’s customers using their ATM card can access the system in order to deposit their cheques.
The system validates the cheques; create an electronic transaction to CubeIQ's Server or Bank’s host system; and prints out a receipt to the customer with the transaction details, the total amount and photocopies of the deposited cheques.