Benefits of CTS for Customers
March 29th, 2013 by CHEQUEMAN
The benefits of the Cheque Truncation System(CTS) for the customers are: Clearance cycle gets shortened : As CTS system is being implemented, the physical or manual movement of cheques for clearance has ceased. With cheques being transmitted electronically, the settlement process becomes quicker, facilitating reduction in the clearance cycle. Cheques will not be lost: The fear of loss […]