The Canadian Payments Association (CPA) has published new specifications for Canadian cheques as part of a plan to modernize the cheque clearing system. The CPA is leading an industry-wide initiative ...

The Financial Consumer Agency of Canada (FCAC) has issued a reminder to consumers about a new public commitment by banks in Canada that reduces the maximum time the institutions can hold funds from a ...

RBI introduced continuous clearance under the Cheque Truncation System (CTS) to make cheque clearing faster and smoother by ...

In a welcome step, the Reserve Bank of India (RBI) has made a major change in the process of clearing checks. From October 4, 2025, checks will now be paid in a few hours, whereas it used to take a ...

RBI has deferred Phase 2 of continuous cheque clearing to give banks more time, and modified presentation hours to 9 am-3 pm ...

Anyone depositing a cheque at a US bank today triggers a surprisingly efficient and cheap process whereby the cheques are cleared and money transferred. Each piece of paper will be processed, packaged ...

RBI postpones cheque clearance rule: The Reserve Bank of India (RBI) has postponed Phase 2 of its check clearance expediting scheme. The scheme was scheduled to begin on January 3, 2026. Under this ...

The Reserve Bank of India (RBI) will implement a new mechanism for cheque clearance starting October 4, 2025, allowing cheques to be cleared within hours of being presented, instead of the current ...

The RBI Governor Shaktikanta Das proposed to transition CTS from the current approach of batch processing to continuous clearing. Soon, the cheques you deposit with your bank branches will be cleared ...