CTS-2010: Cheque Truncation System Or Contract Termination System?
There has been a spate of ads and announcements over the last 3-4 weeks by banks in India about the introduction of the new Cheque Truncation System, CTS-2010, from the new year i.e. three weeks from now. For the uninitiated, CTS transforms cheque clearing from a paper-intensive process to a digital journey whereby only images of … Read more