Aperta Ltd

Active Image Clearing and Settlement (AICS)

AICS can be used to interchange electronic financial instruments such as cheque images and EFT payments.
Used mainly in Central Clearinghouses to reduce, or eliminate the interchange of physical instruments and so reduce the cost and clearing period for such items.
Electronic interchange can be used in conjunction with physical paper processing and the results of both consolidated. This facilitates the gradual introduction of truncation, when required.
AICS is in active use as the central, truncation interchange system in the United Arab Emirates and is also being introduced in Bangladesh.