INCHEQS ICS

INCHEQS ICS allows for processing, managing, and administering inward and outward returned Cheques. It is capable of supporting of the Signature Verification System, which allow the cheque to be verified side by side the customer signature specimens and signing conditions. Inward Clearing System (ICS) covers the Inward Clearing and Outward Return legs of the cheque Clearing Process.

Functional has partnered with InsiteMy to install and support a Checking Image Clearing System (CICS) primarily for the banking industry. CICS is an automated electronic system for clearing deposited checks between banks using digital image of the check through the Philippine Clearing House Corporation (PCHC), an agency designated by the Central Bank of the Philippines in processing the digital check deposits of banks. InsiteMy is a leading innovative software solutions provider in Kuala Lumpur Malaysia for the financial services industry.