Tomorrow marks the dawn of a new era as the banking industry changes how cheques are processed and cleared. From Wednesday, Kenyan banks will electronically process and clear cheques, removing the ...

" We have gone live today and what basically this means is that all cheques both local and upcountry are on the same clearing zone," said Kenya Bankers Association chief executive Mr. Habil Olaka. "I ...

There has been a spate of ads and announcements over the last 3-4 weeks by banks in India about the introduction of the new Cheque Truncation System, CTS-2010, from the new year. For the uninitiated, ...

It is interesting to note that after a little more than a decade, Canada has decided to stop investing and creating technologies and market infrastructure for cheque imaging to make the paper clearing ...

RBI clarified how cheque truncation and continuous clearing speed up settlements by using electronic images instead of physical cheques. The FAQs outline timelines, safeguards, and customer ...

CUMBERNAULD, United Kingdom--(BUSINESS WIRE)--Aperta, a world-leading supplier of payment solutions, announced today that it has been selected by PCHC to provide the PACS solution for the Philippines.

The commencement of cheque truncation scheme in the country’s financial system will raise banks’ transaction risks, The Nation has learnt. Sales Manager, Sybrin Systems Limited, Daniel Parreira, who ...

New Delhi: The Reserve Bank Of India (RBI) has issued notification on Introduction of Continuous Clearing and Settlement on Realisation in Cheque Truncation System, thus allowing for your cheques to ...

“To facilitate transition to continuous clearing, it has been decided to modify session timings and conduct special clearing in the cheque truncation system (CTS) on October 3,” RBI said. MUMBAI: The ...

MUMBAI, India--(BUSINESS WIRE)--NCR Corporation (NYSE: NCR) and National Payments Corporation of India (NPCI) announced today the successful completion of the landmark Cheque Truncation System (CTS) ...