Cheques and receivables - BFF Banking Group
Cheques and receivables
Services provided to enhance the overall offering for banks:
- Issuing of cashier’s cheques:
- Project support, supply of personalised cheques, flow management, fraud prevention
- Collection of bank cheques
- Bank intermediary services for Cheque Image Truncation (CIT) and accounting
- Collection of cheques in foreign currency (Cash Letters)
- Collection of receivables
- Management of unpaid/disputed receivables, collection management, physical vault
KEY ADVANTAGES
- Reduction of cheque-management overheads
- Fraud prevention managed entirely by BFF
- Outsourcing of back-office and Cheque Image Truncation activities
- Availability of value-add services (cheque image database, digital signature, management of bounced cheques with BankIT, digital preservation, etc.)
- Compliance with CIT regulation
- Vault management
- Web-monitoring tool (receivables)