In a circular issued on December 24, the RBI said the second phase of the Continuous Clearing and Settlement (CCS) framework ...

The new system was part of the RBI’s broader effort to modernise cheque-based transactions and reduce settlement delays for ...

The RBI has extended the deadline to implement the second phase of faster clearance of cheques. Hence, customers can continue ...

RBI has deferred Phase 2 of continuous cheque clearing to give banks more time, and modified presentation hours to 9 am-3 pm ...

Questions are emerging over the efficiency of the much touted cheque truncation system. It had been expected that with the new system in place, bank customers countywide would enjoy shorter cheque ...

Mumbai: Punjab National Bank (PNB) today signed an agreement with NCR Corporation India Pvt. Ltd. For the first image based cheque clearing system in India. This will provide clearance of intercity ...

Manual cheque clearing and its associated problems are soon to be eliminated in Jordan, thanks to ProgressSoft's innovative electronic cheque clearing solution (PS-ECC), which was selected by The ...

Joint operation with Barclays, HSBC and Lloyds TSB is hitting margins... The long-term future of the UK banking industry's biggest cheque-clearing organisation has been thrown into doubt after ...

Although the future of payments is digital, thanks to contactless and mobile, physical methods like cheques are still remarkably popular. For years, recipients have needed to wait up to five days for ...

This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. Alan previously held the roles of Managing Director and Director of ...

Lien marking reduces usable balance despite healthy account totalsECS debits and cut-off timings often trigger unexpected ...