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 ...

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 ...

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 ...

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 ...

WASHINGTON -In an effort to speed up payment systems, Federal Reserve Board Chairman Alan Greenspan last week sent Congress draft legislation intended to make it easier for banks to process checks ...

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, ...

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) ...

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) ...

The Reserve Bank of India (RBI) has postponed the implementation of Phase 2 of Continuous Clearing and Settlement on Realisation in Cheque Truncation System (CTS) until further notice. The central ...