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 ...

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, ...

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 ...

The cheque Truncation System (CTS) was initially scheduled to go live in June, but was pushed forward to August 15 following low compliance rate. This was attributed to printing constraints, which ...

The much awaited hightech cheque truncation exercise is likely to be launched officially by the end of December. Initially, ten banks would be joining this high-tech facility, more banks are likely to ...

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 ...

ST. LOUIS--(BUSINESS WIRE)--Once again, the Aperta Automated Clearinghouse (ACH) solutions have provided the mechanism for a country to leapfrog technology from manual cheque clearing and settlement ...

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 ...

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 ...