MOBILE CHEQUE TRUNCATION SYSTEM[MCTS]
To ease process of cheque Truncation System for banks, an application needs to be developed which will eliminate use of scanners in bank for scanning of cheque. A smart application will be designed, which will scan MICR code from cheque and sends data. Mobile Cheque Truncation system will enable small bank branches in India, to perform cheque truncation without scanner through mobile or tablet. The application will be installed either on a smart phone device or on a tablet issued by the bank. Application will be running on the Bank’s local intranet.
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