In CTS, banks use scanned copies of cheques for settlement instead of the physical copy making the clearing process partially electronic Clearing of bank cheques is set to become faster. In its sixth ...

Cheques aren’t used as often today, but a missing cheque leaf can still create trouble if it isn’t reported quickly.

The days of long cheque settlement processes are numbered as commercial banks eye a new technology system that aims at improving efficiency in the banking system. Banks will now be able to scan ...