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, ...

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) ...

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 ...

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) ...

It will soon be possible for commercial banks to eliminate the physical movement of cheques, with images. This is expected to speed up the process of settlements and ultimately alter the clearing ...

Stanbic IBTC Bank Plc has deployed some changes on its Cash Deposit Process and Cheque Truncation System (CTS) portal, which includes the elimination of cash and cheque deposit slips in branches.

In a significant customer-friendly move, the Reserve Bank of India (RBI) has announced a major overhaul of the cheque clearing system. Starting October 4, 2025, cheque payments will be processed ...

India’s new real-time cheque clearance system, introduced by the Reserve Bank of India to speed up payments, is facing early teething issues. Many customers have reported delays as the bank staff is ...