Check Clearing Software

A cheque management software (or check management software) is an application that allows banks and financial intermediaries to make the lifecycle of checks and other bank values, such as check blocks, and to monitor all phases of their processing, from issue to payment up to settlement. The software keeps track of all the transfers.

A check clearing software is a different type of software that enables banks and other financial institutions to process and clear checks electronically. This software captures images of checks and converts them into electronic files that can be processed and transmitted between banks, which allows for faster and more efficient clearing of checks. Check clearing is allowed in some jurisdictions, and regulation changes in different countries. 

In the U.S, the Check Clearing for the 21st Century Act (Check 21) is a federal law that has enabled banks to adopt check clearing software and process checks electronically.

Here are the cheque software listed in our platform.