Mississauga, Ont.-based INTRIA has begun the national rollout of its new image-based cheque processing platform with a successful implementation in Winnipeg, the company said Monday.
The new platform is taking advantage of cheque processing opportunities emerging from the Canadian Payments Association’s (CPA) “Image Roadmap” — an initiative to modernize the Canadian payments system.
INTRIA’s new platform features centralized image processing, highly enhanced fraud detection, and the ability to print Clearing Replacement Documents (CRDs). The platform supports all capture, exchange, settlement and cheque returns functionality.
“We have made major investments in our processing platform to enhance the client experience and ensure optimal efficiency,” said Bob Bouey, INTRIA president, in a release. Bob Bouey.
Looking ahead, the platform aligns to INTRIA’s larger program to implement a comprehensive image-based solutions suite. This includes image cheque exchange, a wide array of fraud detection services, and Remote Deposit Capture (RDC), an application that lets financial institutions and their commercial and personal customers deposit cheques from mobile devices, desktop scanners, and image-enabled ATMs. Functionality for these services will begin this year and continue rolling out in 2014.
INTRIA is a wholly owned subsidiary of CIBC.