BankTech Asia is “where banking meets technology” and we’re very excited to bring our innovative cheque printing solutions to Manila. At TROY we understand the importance of quick, secure, and cost-effective solutions for your customers. When you stop by Booth 6 at BankTech Asia, September 19 – 20, you can meet our team of experts and see how we’re empowering your customers to print their own secure cheques, on demand, with a self-serve kiosk.

Automated, On-Demand Cheque Printing at Booth 6

Representing TROY at BankTech Asia is Chandrakant Singh, Head of Asia Pacific Sales. Mr. Singh will be located at Booth 6 with our partner, CoreTechnae. Together, we’ll be showcasing our self-service kiosk for starter cheques, as well as full chequebook dispensing, as a customer-centric way to issue instant cheques to customers.

Mr. Singh elaborates, “Banks and financial institutions are continuously seeking to keep satisfying their customers with more effective and complete services in terms of quality, efficiency and availability, while at the same time focusing on personnel cost reduction and training. Banks are also interested in converting most of their employees from cash activity towards more profitable activities, such as the promotion of financial services and investments.

“During the last few years in fact, great efforts have been directed towards the automation of all the banking functions thereby giving customers access to services 24/7. We fill a gap by enabling banks to automate even the cheque-dispensing function, ensuring fast issuing of high quality, fully personalized, fraud-resistant cheques characterized by laser inkjet-class printing quality.”

Logistically, cheque printing for customers in the Philippines can be a nightmare due to postage costs and delivery times. The self-service, on-demand kiosks fulfill a need not yet met in this region. By implementing this solution, banks can provide better customer service and focus more on valuable revenue generation activities to help increase their bottom line.

Security & Benefits of Cheque Printing Kiosks 

Besides immediate delivery of cheques, which enhance customer satisfaction, TROY cheque printing kiosks have the capability to deliver a single cheque or a booklet. All cheques are personalized and printed on blank cheque stock, which means banks can eliminate preprinted cheque paper and move to a blank cheque stock which is typically more cost-effective.

Recognizing cheque fraud as a global concern, with insider cheque tampering alone costing an average of $158,000¹, the TROY solution is secure from the kiosk unit to the printed cheque. Housed inside the kiosk is a TROY MICR Printer with security features such as built-in encryption and decryption, exact positioning technology and anti-tampering watermark. The printer includes a TROY MICR UV Toner which contains overt and covert UV toner to prevent cheque tampering.

The enhanced security on the printed cheques is only the beginning. The kiosk system is capable of remote monitoring, recording audit logs, digital video surveillance, and much more. As well, cheques not collected are immediately retracted into the machine and shredded.

Tailoring Cheque & Document Security for the Philippines

According to BankTech Asia, they “will address a plethora of trends, issues and opportunities that are unique to Philippines in the space of banking technology and fintech.” Along with our kiosk solution, we will be showcasing our document security software, SecureDocs, which empowers banks to create smart, fraud-resistant security for any printed information, not just cheques. This software, when combined with covert fluorescing inks, delivers a total protection solution to prevent forgery, falsification, and alteration of any high security document.

Mr. Singh expresses, “The SecureDocs technology adds unique features to easily add personalized and anti-copy elements to any bank document at risk for fraud. The software’s smart technology enables digital verification to support audit tracking and serialization. Plus, documents can easily be verified with a smartphone to quickly confirm authenticity. We are seeing a need to decrease cheque and document fraud across the globe. This show gives us the opportunity to hear about the trends, issues and opportunities specific to this region and provide customized TROY solutions for very specialized needs.”

Meet Us in Manila

To see the kiosk in action, view samples and get more information about TROY security solutions for cheque and document printing, stop by Booth 6 at BankTech Asia in Manila, September 19 and 20, 2017.

If you’re not headed to the show, email Secure@TROYgroup.com for more information.

¹Report to the Nations on Occupational Fraud and Abuse: 2016 Global Fraud Study. ACFE.