Cheque scanners are being used by banks, non-banking financial institutions and other corporates to scan the cheque for the purpose of digitization of paper cheque as per the guidelines given by Reserve Bank of India as part of Cheque Truncation System. Cheque Truncation System is introduced by RBI in India to eliminate the physical movement of cheque and to save time and processing cost for the banks.
Ess-Matrix Infotech deals with complete range of PANINI cheque scanning system for teller counter capture, back office support, remote deposit capture.