NIFT acknowledges the hard work that their partners put in to transactions before sending them to NIFT for clearing. Concerned with relieving their workload, NIFT offers bureau services for a smoother clearing process. Many tasks that were previously attributed to bank employees, such as reconciliation, system input and error correction, can be undertaken by NIFT’s experienced staff.

There are myriad benefits to outsourcing the clearing process. Charges are flexible, and can be tailored to the partner’s needs. Multiple processing shifts are possible with workload management. Exciting optional add-ons such as cheque truncation and image-based clearing facilities, can be arranged. Most importantly, in addition to being aligned with NIFT’s processing structure, the services can also be integrated into the bank’s system. This indispensible tool shapeshifts as per your needs.

Another safeguard for banks against forgery is the use of secure 2D barcodes. MICR line information is encoded onto cheques in the form of a barcode with a unique encryption key. The contents of barcode cannot be read by average forgers.

NIFT will facilitate its users through bundled software package that produces printing secure 2D information for outsourced cheque printers.

In this cutting-edge technique, a pattern is printed in UV ink onto a cheque. Irregularities in the printed design will appear if part of the visible-light writing on the cheque is erased.

NIFT’s UV-equipped scanners create a separate image of the check, which can reveal if the areas printed with UV inks have been tampered with using chemicals. It can also reveal if the cheque is an original or a high-quality copy. This tool provides excellent protection against chemical or mechanical alteration of cheques.

NIFT offers a secure cheque writing systems to banks, for printing banker’s cheques and pay orders. The printing system encrypts 2D barcodes on the cheques. These barcodes facilitate the verification of encrypted content at paying banks, ensuring full protection against tampering.

NIFT can establish pilot systems for cheque writing at any location. We provide support at branches to ensure that users always have the answers at their fingertips. This technology can be bought outright by banks, or rented as needed. Quantity discounts are also available.