Guidelines from Cheque deposit kiosk

In these days so many fraud activities are going on. fraud is attempting to withdraw money with a non-genuine cheque.

Types of cheque fraud are:

• Forgery:Signing and using a cheque without permission is the forgery.

• Counterfeit: A more involve fraud than forgery. Counterfeit cheques are manufactured or printed .

• Alteration: If a genuine cheque is intercepted and any of the details changed, it is said to be altered.

• The Kiosk machine is typically made up of the following terminals:

• CPU : To control and manage the user interface and transaction devices.

• Magnetic card reader or chip card reader: To identify the customer.

• PIN pad  or keypad: It is similar in layout to a touch tone or a calculator keypad, it is manufactured as part of a Secure cryptoprocessor, usually within a secure enclosure.

• Touchscreen display: it is used by the customer for the transaction.

• Function key buttons: Usually it will be placed closer to display or a touchscreen (used to select the various aspects of the transaction)

• Record printer: A record of the transaction has been provided with this to the customer.

• Vault: The machinery requiring restricted access will be placed separately.

• Housing: For aesthetics and to attach signage too.

• Sensors and indicators

How does Cheque deposit kiosk look like?

In Earlier days, kiosk cash machine was focused on making security focused on making the terminals was much vulnerable to physical attack. But now they are effectively secured with dispenser mechanisms.

Cheque deposit kiosk will be placed inside to the air-conditioned rooms with a security along with the Payment machines. As users can walk up to these terminals and can clear get clear the cheque. It eliminates the need of waiting in a long queue for clearing the cheque. Usually, cheque box is placed in front of the bank. In those, boxes people can place it in that. Bank people will be collecting those cheques at regular interval for clearing. As per the rules of RBI, every bank should provide a receipt for every transaction to the customer as a proof of transaction with that user can track their transaction details.