The Cheque Truncation System is all set to replace the age-old clearing system in India, where physical cheques were exchanged between banks. Under the new system, images of the cheques flow between ...
In a bid to further revolutionalise the domestic payment system, the Reserve Bank of India is launching the cheque truncation facility on Thursday. The banks are quite enthusiastic towards a pilot ...
CBO mandates partial cheque payouts to ease cash flow, reduce disputes Cheques in Oman will no longer bounce fully if funds are short Dubai: The Central Bank of Oman launched a partial payment system ...
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