INCHEQS ICS

INCHEQS ICS – Advanced Cheque Clearing and Signature Verification Solution

INCHEQS Inward Clearing System (ICS) is a powerful platform designed to process, manage, and administer inward and outward returned cheques efficiently. It supports an integrated Signature Verification System, enabling banks to validate cheques against customer signature specimens and signing conditions for enhanced security. ICS handles the Inward Clearing and Outward Return stages of the cheque clearing process, ensuring accuracy and compliance.

Functional, in partnership with InsiteMy, delivers and supports the Cheque Image Clearing System (CICS) for the Philippine banking industry. CICS is an automated electronic solution that streamlines cheque clearing between banks using digital cheque images through the Philippine Clearing House Corporation (PCHC), the official clearing agency designated by the Bangko Sentral ng Pilipinas (BSP). This system accelerates digital cheque processing, reduces manual errors, and enhances operational efficiency.

InsiteMy, based in Kuala Lumpur, Malaysia, is a leading provider of innovative financial software solutions, trusted by banks and financial institutions across Asia.