DOHA BANKS in Qatar may soon be using cheque scanners that will facilitate end-to-end cheque clearance in one day. The EPSON’s TM-S1000 cheque scanner has been certified by ProgressSoft for use in Qatar’s banking industry.
ProgressSoft, the leading provider of real-time payment solutions, claims that Epson TM-S1000 will function flawlessly with ‘PS-ECC Version 4 Onwards’, an electronic image-based cheque clearing solution designed to provide end-to-end nationwide clearing of cheques the same day.
Certified for use in Bahrain and Jordan’s banking industries, the cheque scanner addresses the requirements of banks and companies that want to capture cheques using backoffice capture (BOC), remote deposit capture (RDC) or both. With its unique MICR recognition algorithm, the cheque scanner achieves an accuracy rate of at least 99.9 percent. The rate is one of the highest MICR accuracy rates among the desktop scanners available.
The Epson cheque scanner comes in both 30 DPM and 60 DPM versions. It also features a double cheque detector that virtually eliminates double cheque feeding.
It also has a MCBF (Mean Cycles Between Failures) of 2.47million documents, making it a reliable product with two pocket support to give users the flexibility to process and segregate different types of documents such as cheques and payment coupons.
The cheque scanner also features a 100-sheet document feeder that allows highvolume processing and advanced self-diagnostics that keep the operator informed of the scanner status and clear error messages.
Epson Middle East General Manager Khalil el Dalu said, “The ProgressSoft certification empowers banks in the country to drive productivity and provide efficient and secure services to clients.”
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