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 ...

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.

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 ...

This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. PACS is a comprehensive payment solution that incorporates the clearing ...

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 ...

New Delhi: The Reserve Bank of India (RBI) is set to implement same-day cheque clearing mechanism, effectively from from, October 4, to enable cheque clearance within a few hours of being presented, ...

The Reserve Bank on Wednesday postponed implementation of the second phase of the faster cheque clearance mechanism to provide more time to banks to streamline their operations. Photograph: Francis ...

Banks move to continuous cheque clearing from October 4, enabling near real-time settlements and quicker fund access, ...

The Reserve Bank of India (RBI) has postponed the implementation of Phase 2 of Continuous Clearing and Settlement on Realisation in Cheque Truncation System (CTS) until further notice. The central ...

NCR installs cheque truncation system at Reserve Bank of India NCR Corporation (NYSE: NCR) today announced the successful completion of its pilot project for the Reserve Bank of India (RBI) to ...

MUMBAI: RBI on Wednesday postponed phase 2 of its nationwide faster cheque clearance system, citing banks’ lack of operational readiness after issues in faced by some banks in phase 1. Phase 2 of the ...