Arab Today, arab today new cheque clearing system to be launched
Last Updated : GMT 20:52:09
Arab Today, arab today
Arab Today, arab today

New cheque clearing system to be launched

Arab Today, arab today

Arab Today, arab today New cheque clearing system to be launched

Manama - BNA

The Central Bank of Bahrain (CBB) and the Benefit Company yesterday announced that the new Bahrain Cheque Truncation System (BCTS) will commence operations on May 13. BCTS will replace the current paper-based cheque clearing system in the kingdom with a fully automated image-based cheque clearing one. CBB executive director of banking operations Shaikh Salman bin Isa Al Khalifa said that the implementation of BCTS is a national initiative to modernise and improve efficiency of cheque clearing in Bahrain, in keeping with global trends. The implementation of the new system has been undertaken by Benefit and will be operated by them under the guidance and supervision of the CBB. He said BCTS would not change the current practice of writing and depositing of cheques by bank customers. This new system would speed up the clearing cycle for bank customers to get cheque proceeds on the same day instead of the current two to three days. The new system is expected to enhance the efficiency of cheque payments of individuals and corporates. BCTS will reduce costs and risks associated with handling physical cheques and make banks' operations more efficient. EM

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today new cheque clearing system to be launched Arab Today, arab today new cheque clearing system to be launched

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today new cheque clearing system to be launched Arab Today, arab today new cheque clearing system to be launched

 



Arab Today, arab today Designer prepared new set of ornaments

GMT 02:45 2017 Wednesday ,28 June

Designer prepared new set of ornaments
Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
Arab Today, arab today
Arab Today, arab today

GMT 08:23 2017 Saturday ,24 June

Actress Feryal Yussef received new drama offers

GMT 09:49 2017 Tuesday ,02 May

Girl barred from Malaysia chess competition

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse

GMT 16:25 2017 Sunday ,04 June

“Suhoor” is basic meal for fasting

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 11:09 2017 Sunday ,25 June

HUAWEI P10 the ‘guru’ of portrait shots

GMT 17:59 2017 Monday ,12 June

Designer Rania Adel reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday