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Know all about the cheque truncation system

Considered to be a major milestone in the history of Indian banking, Cheque Truncation System aims to make cheque clearance more efficient and reduce the clearance time of cheques to one day,......

RBI extends deadline for new cheques

The Reserve Bank of India ( RBI) has extended the deadline for implementing the Cheque Truncation System-2010 (CTS-2010) by another three months. This is the second such extension.Banks have now......

What is cheque truncation all about?

Cheque Truncation Solution is a big milestone in the Indian banking industry. It enables cheque clearing on the same day, reducing floating time available for funds.The technology, being......

Banks to have cheque imaging system soon

US-based Bankserv Inc is in talks with its Indian partner aurionPro Solutions to offer rupee cheque imaging for the Indian market.Bankserv is targeting Indian banks as it plans an investment to the......

RBI to start cheque truncation project in Delhi

The Reserve Bank of India is expected to kick off the pilot project on cheque truncation, which eliminates physical movement of cheques, in Delhi over the next 9-12 months."We have invited tenders......
  Web results for Cheque Truncation System

PhonePe app. Image: Website The National Payments Corporation of India (NPCI) on Friday directed mobile phone e-wallet PhonePe to comply with the... ...
NPCI advises ICICI Bank to open UPI transactions through PhonePe App

New Delhi, Jan 19 The National Payments Corporation of India (NPCI) on Thursday said it has advised lending major ICICI Bank to 'open UPI... ...
Petrol Pumps vs Banks highlights the who pays problem for digital payments

There appears to have been a face-off between banks and petrol pumps over the weekend, and it appears that the banks have blinked. Yesterday, as... ...
Demonetization Spurs India's Cheque Scanner Market

While PM Modi's demonetization move was meant to boost digital payment, transaction through cheques has drastically gone up. This has led to the... ...
NPCI's National Financial Switch Achieves Milestone with 100 Direct Member Banks

NewsVoir 2016-12-07 National Payments Corporation of India (NPCI) is pleased to announce that 100 banks have joined the National Financial... ...

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