Smart and Easy Cheque Printing Software
The government will soon make an amendment in the Negotiable Instruments (NI) Act for cheque bounce that will restrict banks from dragging a person to court. All such cases, after the changes come into effect, will have to be decided only through arbitration, conciliation or settlement by Lok Adalats. It is estimated that more than […]
Investments Huge Investments are required by the Banks to go for a Cheque Truncation System (CTS). The investments will be in the form of:- Hardware and Connectivity Linking core banking system to imaging system, and Redesigning of process mechanisms, which would require immense training for the Bank officials. The greatest requirement would be to provide […]
Shared Services There is no necessity for all banks to make huge investment in the technology and hardware procurement. Infrastructure can be shared either between banks or through independent service providers. Banks like State Bank of India and Punjab National Bank have already invested a lot in the resources and technology required for Cheque Truncation. […]