The Cheque Truncation System goes live in the next 18 days. This will see old cheques replaced with new design cheques that are compliant with truncation system. Kenya Bankers Association (KBA) Chief ...

The Reserve Bank of India (RBI) has postponed the implementation of Phase 2 of Continuous Clearing and Settlement on Realisation in Cheque Truncation System (CTS) until further notice. The central ...

The Reserve Bank on Wednesday postponed implementation of the second phase of the faster cheque clearance mechanism to provide more time to banks to streamline their operations. Photograph: Francis ...

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 ...