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 ...

The cheque Truncation System (CTS) was initially scheduled to go live in June, but was pushed forward to August 15 following low compliance rate. This was attributed to printing constraints, which ...

The move toward check truncation is picking up steam for a number of reasons. They include the declining cost of technology, constant increases in mailing costs, the shock of Sept. 11, when banks came ...