Payment Processing Services

3i Infotech’s Payment Processing services provide banks with fully evolved, end-to-end process support for their diverse business needs. Equipped with cutting-edge technology, robust infrastructure, and comprehensive expertise in financial systems, our domain specialists operate via a hub-and-spoke connectivity model to offer a range of services that enhance operational and organizational efficiency and dramatically cut costs:

We leverage state-of-the-art technology and the technical expertise of our specialists to offer the entire gamut of scanning & digitization and value-added services:

• Cheque clearing process (MICR) Our cheque clearing services include outward, inward, and return cheque clearing; sorting; technical scrutiny; data entry; presentment; and returns management.
• Cheque truncation process (CTS /image-based) Includes outward, outward returns, inward, and inward returns; exhaustive IQA/IUA capabilities; and all other aspects of cheque truncation and realization
• Cash management services (CMS) Supports a range of bank activities like cheque pick up, deposition, return management, and document collection and deposition
• PDC management Includes data capture of PDCs for clearing, cheque retrieval, reconciliation and validation of details, batching of cheques by location/presentation center, etc.

Key business benefits

• Simplified financial operations with end-to-end operational support; streamlined processes; and user-friendly, customized applications
• Faster TATs, accelerated payment processing and clearing cycles, with considerable reduction in OpEx
• Quicker credits and a more efficient means of cheque clearance, leading to a reduction in the potential for fraud
• Quality-driven services that lead to better customer service, adherence to critical SLAs, and enhanced customer satisfaction
• Scalability across a range of services
• Incisive insights via customer reporting mechanisms and effective dashboard views
• High level of data security, assured data integrity (with conversion to electronic format), and expert in-house IT support

The 3i Infotech advantage

With 3 Infotech’s Payment Processing services, banking organizations gain access to the best in terms of technology, people, and infrastructure:

• In-depth expertise across cheque processing and other financial services
• Comprehensive integrated CTS that covers outward, outward returns, inward, and inward returns
• Proven capability to handle large transaction volumes for critical processes
• Cost-effective business solutions via a hub-and-spoke connectivity model that enables a wide geographic reach
• Customized workflow applications for managing end-to-end processes with a lower Total Cost of Ownership, while enabling standardization and collaboration