The new check clearing process is expected to speed up the crediting of funds to depositors' accounts from 3 to 5 banking days to only one banking day MANILA, Philippines – The Bangko Sentral ng ...

Northbrook, IL, Jan. 31, 2023 (GLOBE NEWSWIRE) -- Processing checks electronically has reduced carbon emissions by billions of pounds since the 2004 implementation of the Check Clearing for the 21 st ...

The Philippine banking system is on track to fully migrate check clearing operations to an electronic system by January 2017, shrinking the clearing time to one day from the current practice of three ...

MANILA, Philippines - The implementation of the electronic clearing of checks by the Bangko Sentral ng Pilipinas (BSP) wherein checks would be cleared within one day from the current three days is on ...

When President Bush signed the Check 21 legislation late last month, he was taking a major first step toward initiating a cheaper, electronic way to process the nation’s 40 billion paper checks. But ...

Executives from the New York Clearing House and the Chicago Clearing House, which have announced their intentions to merge this summer, say their move anticipates a day when the nation's many local ...

This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. Ever-committed to furnish an advanced banking environment, CBO opted for ...

Six years after its inception, the Check Image Clearing System (CICS) is going live, cutting the clearing process to no more than one day. The central bank and the Philippine Clearing House Corp.

05 July 2007 Ever since checks were introduced as a payment method, check clearing has been handled in the same primitive manner. Yet, because of their convenience, checks remain an extremely popular ...

29 January 2009 The Central Bank of Oman (CBO) started today electronic clearing of checks across banks in the Sultanate of Oman with the live-run of the Electronic Image-based Check Clearing solution ...

THE PHILIPPINE Clearing House Corp. (PCHC) expects earlier fund availability in a few months, with lenders implementing one-day check clearing as mandated by the central bank still releasing money in ...