NCR Completes India’s Largest Electronic Cheque Truncation Project for NPCI

NCR Corporation and National Payments Corporation of India (NPCI) announced  the successful completion of the landmark Cheque Truncation System (CTS) project in India. Started by the Reserve Bank of India, India’s Central Bank, in December 2007 to ease the process of cheque clearing in the country, this project changes the traditional physical movement of cheques