The cheque api can be a great tool for businesses to add new revenue streams. You can also use it to integrate other apps and provide risk mitigation tools. The key is to partner with a provider that has a proven track record. You also want someone who can customize solutions to meet your specific needs. If you're interested in leveraging cheque api technology, there are some important things you need to know.
The Cheque API helps you to create and manage multiple business accounts with ease. You can switch between accounts easily, manage payments for all accounts through one dashboard, and create templates for all major banks in the US. It will also pay your employees on time each month. You can even use it for other events, like transferring funds.
CreditRegistry's cheque API helps financial institutions validate potential customers' cheques to reduce risk. It helps companies avoid accepting cheques from dishonored issuers and ensure a high-quality customer experience. The API also helps organizations comply with the new COVID-19 directive, which prohibits banks from accepting cheques from serial dishonored issuers.
To use the API, you must send an image file of a cheque leaf. In addition, you must provide the model type for your application. For example, you can use CTS-2010 format. The API will return a list of duplicate checks. Afterward, you will receive the parameters you extracted from the cheque.
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