Berita baik kepada pengguna2 cek yg aktif 
———————————
Business Times Online, June 30, 2009
THE cheque clearing system will be driven by the transmission of cheque images and data between banks and the clearing house with effect from tomorrow.
This will replace the current physical exchange of cheques, Bank Negara Malaysia said in a statement announcing the nationwide rollout of the Cheque Truncation and Cheque Conversion System (CTCS).
The CTCS is being managed and operated by Malaysian Electronic Clearing Corporation Sdn Bhd (MyClear), a wholly-owned subsidiary of Bank Negara which started operations on January 2, 2009.
According to the central bank, the CTCS is an initiative in modernising the cheque processing infrastructure through the electronification of the cheque clearing process and reduction of risks and costs associated with paper-based payment instruments.
Cheques continue to be an important mode of payment, accounting for 91.6 per cent of non-cash payment value, it said.
Bank Negara said CTCS will enhance the efficiency of cheque clearing and contribute towards lowering the cost of doing business, thereby enhancing the competitiveness of businesses as well as the overall economy.
For consumers and businesses, the rollout of the CTCS will lead to speedier and shorter cheque clearing cycle, resulting in faster availability of funds in the depositors’ accounts, it said.
Outstation and local cheques in the country will be cleared on the same day and funds will be credited to the depositors’ accounts no more than two days later, the central bank said.
However, in Kelantan and Terengganu which have different weekend bank holidays, cheques deposited on Sunday will require an additional working day for funds to be made available into the depositors’ accounts, it said.
Consumers and businesses will also no longer need to pay commission fees for outstation cheques, it added.
With the CTCS rollout, members of the public are reminded that from September 1, 2009, only the newly designed cheques conforming to the eSPICK cheque design standards and specifications will be accepted by the banks for clearing.
Consumers are advised to exchange their unused old design cheques for the new designed cheques with their respective banks, Bank Negara said.
Source: Business Times Online
Popularity: 3% [?]
