ELECTRONIC CHEQUE DROP BOX

SOFTbee has designed an Electronic Drop Box which will be placed in banks and  cheque collection points to provide receipt to the customers for the cheques dropped. It also records the cheque numbers along with the account number and value entered by the customer. These records can be transferred to a PC through a USB pen drive. When the customer inserts the cheque into the equipment, it is automatically drawn in. The MICR data in the cheque is read. The customer is prompted to enter the account number and value of the cheque, through a keyboard. A receipt is provided to the customer with date, time and cheque details.

During collection, a file containing the details of cheques dropped can be copied into a USB pen drive, after password authentication. This data can be stored in a PC reading the data from the pen drive or entered into the banking software if appropriate software interfaces are made available.

Salient Features

• Cheques are drawn in automatically
• Cheques inserted in wrong direction are pushed out automatically
• Accepts folded cheques also
• MICR codes are read automatically
• Bold display with soft touch keyboard
• Real time clock for date and time stamping
• Works on 230V AC and battery - Inbuilt battery to support operations during power failure
• Manual inlet for unreadable cheques

Benefits

• Validates claims of cheque drop time and collection time
• Enhances customer satisfaction
• Data entry effort reduced significantly
• Improves productivity
• The time taken for visual verification will be only 20% of the effort resulting in a savings of 80% of the overall effort.