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> Cheque Truncation and Conversion System (CTCS), Which bank is implementing?

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TSvaio_me
post Jun 5 2008, 10:50 AM, updated 13y ago

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Anyone know about this Cheque Truncation and Conversion System (CTCS) stuff? I was being told that RHB still not yet implement with this system, HSBC and Standard Chartered bank will be implementing this end of this month.

Cheque clearing normally takes 2 or more days, but with this system, it will clear on the same day or next business day. Anyone know any other bank implementing this as well?

 

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