Our Solutions
What we don’t know about cheques, really isn’t worth knowing.
We are the country’s largest cheque processing operation and we offer the complete range of cheque services to banks, building societies, financial institutions and large corporate customers.
Here’s an overview of some of our services – for more details get in touch.
Our full lifecycle service provides every aspect required to outsource your cheque processing and includes;
- Capture services
- Scheme validation and submission
- Payment decisioning
- Beneficiary processing
- Settlement management & reconciliation
- Post-settlement research & adjustment.
Our solutions are scalable and can support every organisation from the major High Street banks, through to smaller financial institutions with more niche requirements.
We are proud to be ISAE3402 accredited and, as you’d expect, we operate in a secure and rigorously controlled environment.
Three of the largest banks in the UK trust us to perform their cheque processing because of these credentials.
Many organisations have invested in a comprehensive technology stack and may only require one or two more bespoke services, where it is more economical to outsource these processes.
Our solution offering is completely modular and allows a “mix & match” approach enabling the outsourcing of some parts of a process which will work alongside existing in-house processing functions.
Our modular offering includes:
- Support for “capture at counter” processing
- Centralised capture services such as postal credits, bulk submission and lockbox
- Validation and verification of scheme messages and scheme gateway management
- Fraud detection
- Payment decisioning
- Beneficiary processing
- Settlement management & reconciliation
- Post-settlement research & adjustment.
In fact, if it’s cheque related, we can almost certainly do it!
Building upon the experience of capturing and processing millions of cheque images, iPSL also offers the service of capturing larger documents for our clients.
Acting as a central mailing centre, we can digitise your incoming post, perform data extraction and/or route items into relevant work queues within your organisation.
Supporting the “working remotely” post-Covid world, where many employees are no longer required to work in a central office.
Our clients trust us to oversee the management of their payment scheme services.
We reconcile billions of pounds worth of financial transactions on a daily basis; investigating and resolving discrepancies and ensuring our clients remain compliant with all appropriate industry and financial legislation.
This service uses highly experienced teams of experts and is available wherever day to day flows of money need to be balanced, reconciled and confirmed.