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 ...

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

Truncation is the process of stopping the flow of the physical cheque in branch and presenting an electronic image of the cheque through the clearing house along with details such as data on the MICR ...

truncation, Newgen is organizing a road-show in Bangalore on May 12 and 13, 2005 where CIOs of all leading banks in Bangalore and rest of South India will attend and see the demonstration of Newgen's ...

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 ...

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.

Lobbyists, consumer groups, and other constituencies have begun weighing in on proposed legislation that would make printed images of checks the legal equivalent of the real things. The Federal ...

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 ...