As the central bank for the United States, Congress has given the Fed an important role in the nation’s payment system.1 Processing and clearing checks has long been a key part of the operating side ...

The Reserve Bank of India (RBI) has introduced new guidelines under the Cheque Truncation System (CTS) aimed at speeding up cheque clearance and reducing the scope for fraud. From October 4, 2025, ...

This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community. Under the terms of the contract, Unisys will help the bank ...

Pune: Account holders and merchants continue to face delays in cheque processing under the newly implemented single presentation cheque clearance system, despite the National Payments Corporation of ...

The Reserve Bank of India (RBI) has postponed the implementation of its proposed three-hour cheque clearance rule, offering banks additional time to prepare for faster processing norms. The decision ...

In a bid to speed up the cheque processing time from the current T+1 settlement period, RBI has announced that starting October 1, 2025, cheque handling will move away from the existing batch clearing ...

ST. LOUIS--(BUSINESS WIRE)--Once again, the Aperta Automated Clearinghouse (ACH) solutions have provided the mechanism for a country to leapfrog technology from manual cheque clearing and settlement ...

This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. Clients now have access to a total of nine check processing hubs in Asia, ...

India's new real-time cheque clearance system is experiencing initial problems. Bank staff are facing challenges with new processes, and technical glitches are slowing down cheque processing.

KINGSTON, Jamaica — National Commercial Bank Jamaica (NCB) is advising customers to prepare for upcoming changes to the processing of high-value cheque payments as the Bank of Jamaica (BOJ) moves to ...

Barclays is extending its cheque imaging service to almost one million people, half of which use Android devices. The bank said since the pilot launched in June 2014, 30,000 customers had deposited ...