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 ...

" 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 ...

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 ...

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 ...

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, ...

The Reserve Bank on Monday asked banks to implement the image-based Cheque Truncation System (CTS) in all branches by September 30, a move aimed at faster settlement of cheques resulting in better ...

RBI delays Phase 2 implementation of Cheque Truncation System to give banks more time to streamline operations.

Reserve Bank of India said that it has decided to extend cheque truncation system (CTS), which is at present operational at major clearing houses of the country, across all bank branches. It added ...

In a bid to further revolutionalise the domestic payment system, the Reserve Bank of India is launching the cheque truncation facility on Thursday. The banks are quite enthusiastic towards a pilot ...

The Reserve Bank today said that the Cheque Truncation System (CTS), which is currently operational at the major clearinghouses of the country, will be made operational across all branches of the ...