Considered to be a major milestone in the history of Indian banking, Cheque Truncation System aims to make cheque clearance more efficient and reduce the clearance time of cheques to one day, thereby ...

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, ...

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 ...

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) ...

Cheque truncation system (CTS) is a process that will enable banks to stop the movement of a physical cheque from the presenting bank, where it is deposited, to the drawee branch, from where it was ...

To improve the efficiency of cheque clearance and reducing clearance-related frauds, the Reserve Bank of India (RBI) has begun a cheque truncation system (CTS) as pilot project. "Presently the CTS is ...

To expedite the payment process for contractors and other cheque transactions, the state government will switch to ‘Cheque Truncation System’ from February 15. CTS will enhance efficiency of cheque ...

Cheque Truncation System (CTS) is a cheque clearing system undertaken by the Reserve Bank of India (RBI) for faster clearing of cheques. Of late you must have noticed advertisements in newspapers put ...

Cheque Truncation System (CTS) is a process of clearing cheques electronically rather than processing the physical cheque by the presenting bank en-route to the paying bank branch. It is a step ...

The much-awaited operationalisation of the cheque truncation project has been pushed forward by two more months, following low compliance rate with the electronically designed cheques. The cheque ...

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 ...

Considered to be a major milestone in the history of Indian banking, Cheque Truncation System aims to make cheque clearance more efficient and reduce the clearance time of cheques to one day, thereby ...