Common services
To support Titan's wide range of products and functions, the system provides an extensive range of
common services.
It includes a flexible service charging system that supports transaction charges, customer service charges, product charges, anniversary charges and periodic charges such as those based on account turnover or average balance.
For interest and tax purposes the system provides a wide range of calculation, accrual and application methods. Meanwhile, extremely flexible, parameter driven limit monitoring structures help to minimise credit risk. Titan also provides a wide range of facilities to monitor cheques and draft payments, right down to cheque number monitoring and management.
Standing order, sweeps and direct debits support fund transfers and bill payments. Batch and interactive gateways support many business functions, including salary payments and clearing. Clearing interfaces range from BACS to a full-blown Item Processing System for automatically handling bulk lodged MICR encoded cheques.
All services are backed by exhaustive management information and reporting capabilities, process controls, as well as document and correspondence management.
