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 ...

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.

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) ...

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 ...

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, ...

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 ...

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 RBI has decided to transition the Cheque Truncation System (CTS) to “continuous clearing with on-realisation settlement” in two phases, with the first phase beginning on October 4, 2025 and the ...

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 ...