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  2. Cheque Truncation System - Wikipedia

    en.wikipedia.org/wiki/Cheque_truncation_system

    Cheque Truncation System (CTS) or Image-based Clearing System (ICS), in India, is a project of the Reserve Bank of India (RBI), commenced in 2010, for faster clearing of cheques. [1] CTS is based on a cheque truncation or online image-based cheque clearing system where cheque images and magnetic ink character recognition (MICR) data are ...

  3. What Is a Canceled Check? What You Need To Know - AOL

    www.aol.com/canceled-check-know-225201459.html

    Proof of a canceled check is a copy of the check or check image, which can be used as proof of payment in some instances. These copies are available from your issuing bank or credit union and ...

  4. Cheque truncation - Wikipedia

    en.wikipedia.org/wiki/Cheque_truncation

    Cheque truncation (check truncation in American English) is a cheque clearance system that involves the digitization of a physical paper cheque into a substitute electronic form for transmission to the paying bank. The process of cheque clearance, involving data matching and verification, is done using digital images instead of paper copies.

  5. Cheque clearing - Wikipedia

    en.wikipedia.org/wiki/Cheque_clearing

    Cheque clearing (or check clearing in American English) or bank clearance is the process of moving cash (or its equivalent) from the bank on which a cheque is drawn to the bank in which it was deposited, usually accompanied by the movement of the cheque to the paying bank, either in the traditional physical paper form or digitally under a cheque truncation system.

  6. Payment and settlement systems in India - Wikipedia

    en.wikipedia.org/wiki/Payment_and_settlement...

    The transactions are settled as soon as they are processed. 'Gross settlement' means the transaction is settled on one to one basis without bunching with any other transaction. Considering that money transfer takes place in the books of the Reserve Bank of India, the payment is regarded as final and irrevocable. Fees for RTGS vary from bank to ...

  7. Substitute check - Wikipedia

    en.wikipedia.org/wiki/Substitute_check

    A substitute check or cheque, also called an image cash letter (ICL), clearing replacement document (CRD), [1] or image replacement document (IRD), [2] is a negotiable instrument used in electronic banking systems to represent a physical paper cheque (check).

  8. Why are no fans in attendance for VCU-Fordham? Water ... - AOL

    www.aol.com/why-no-fans-attendance-vcu-212928757...

    VCU basketball announced Wednesday that fans won't be allowed in attendance for its game vs. Fordham due to an ongoing water outage in Richmond. Here's more:

  9. WR Eric Singleton Jr., top portal target, picks Auburn - AOL

    www.aol.com/wr-eric-singleton-jr-top-105309562.html

    Sophomore wide receiver Eric Singleton Jr., one of the top skill-position targets in the transfer portal, is headed to Auburn to catch passes from Jackson Arnold. Singleton had a team-high 56 ...