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 ...

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 ...

RBI Cheque Clearing Rules: The RBI introduced this new system with the goal of ensuring that Cheques are cleared within hours after being deposited in the bank, and funds are deposited into accounts ...

The UAE Central Bank said it has implemented the new electronic image-based cheque clearing system, the Image Cheque Clearing System (ICCS), from July 12, thereby reducing the time needed for ...

13 March 2005 AMMAN -- Jordan became the second country in the world, after Qatar, to adopt the electronic cheque clearing system.Emanating from a partnership between the Central Bank of Jordan (CBJ) ...

The roll-out of a cheque imaging system in the UK is reducing cheque clearing times from six working days to just one. Not-for-profit industry membership body the Cheque and Credit Clearing Company (C ...

TALL Group of Companies, an established provider of secure digital and paper payment solutions and services, is working with several major banks in order to protect users from cheque-related frauds.

The Central Bank of Nigeria (CBN) has lifted suspension placed on cheque instruments in the Nigerian clearing system. Consequently, cheque instruments will be allowed to pass through the clearing ...

Deutsche Bank is creating a platform to automate cheque processing to eliminate a largely paper-based process, which requires human intervention. The bank is creating the platform alongside Indian IT ...