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 ...

MUMBAI: The Reserve Bank of India will hold a special session on October 3 to test the system capabilities of banks for the new lower time lags for the cheque truncation system that will come into ...

UK to roll out image-based cheque clearing system The UK is to roll out an image-based cheque clearing system in October that will slash processing times from six 'weekdays' to one day and pave the ...

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 ...

Industry-wide moves to “put cheques firmly in the 21st century” – with new technology enabling them to clear by the next day – will start in October. A new system will enable images of cheques to be ...

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 ...

|~|michael-wakileh.jpg|~|Progress Soft’s business development manager, Michael Wakileh.|~|The Central Bank of Jordan (CBJ) has deployed an electronic cheque clearing (ECC) system to streamline the ...

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 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 ...

UK challenger bank Monzo announced on Friday it was putting its plans on hold to allow its users to pay in cheques with a picture. The startup reported that last year it announced its plans to join ...