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 ...

New Cheque Book Rules: If you use a cheque book for banking transactions, this news is very useful for you. Several public and private sector banks, including the Bank of India (BOI), have started ...

TORINO, Italy--(BUSINESS WIRE)--In response to check truncation initiatives in India and other emerging markets, Panini, a global payments processing technology provider, has added ultraviolet (UV) ...

COIMBATORE: NCR Corporation and National Payments Corporation of India (NPCI) have announced the successful completion of the cheque truncation system (CTS) project in India. Started by the Reserve ...

Banks are introducing enhanced security features on cheque books, including alphanumeric codes. Customers should check their bank's latest instructions before using older cheque books for high-value ...

The Internet will play a significant part in maximizing banks' gains from electronic check truncation - and so, therefore, will technology to minimize the security risks. Truncation is just around the ...

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, ...

“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 ...

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 ...

A local business technology solutions provider, Fintech, has come up with a system through which banks could send scanned images instead of Paper Cheques for clearing and settlement, in a process ...

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 ...