The National Check Exchange (NCE) has announced that the Connecticut Clearing House has joined its check clearing and settlement organization. With the addition of the Connecticut Clearing House volume, NCE clears and settles 4.1 million checks valued at $8.1 billion on average per day. The NCE has noted that this additional volume will help it continue to reduce costs and increase efficiency of the check clearing process. It also adds momentum to NCE’s drive to standardize, rationalize and consolidate the U.S. paper check infrastructure in response to Check 21 and the emergence of electronic payments. NCE is involved in all aspects of the migration from paper checks to electronic transactions and currently settles $775 million in electronic transactions per day for its related electronic check presentment business, Electronic Clearing Services (ECS). In addition, NCE is working with ECS to develop a national check image exchange for banks of all sizes, scheduled for operation in the first quarter 2004.
The annual BNP Paribas Cash Management University kicked off on Thursday morning with treasury professionals congregating in Paris from across Europe.
APIs may be a solution to MT940 challenges, says Karen Fagan, treasury operation manager, for British television company, ITV.
Kicking off the first day of the Singapore Fintech Festival, issues with cryptocurrencies were addressed by MIT media labs director, Joi Ito, and panels of technology leaders discussed how they’re using data analytics.
Sibos 2017 day two highlights: Brexit and banking, and why ‘data is the new oil’ in financial services
How nation first politics can impact global financial organisations It’s clear that data and regulation are the two key topics that are ... read more