Electronic Check Clearing House system launched in Dominican Republic
CMA's solution for ELECTRONIC CHECK CLEARING HOUSE SYSTEM has been set into live operations at the Central Bank of Dominican Republic
Stockholm, April 10th, 2012. Central Bank of Dominican Republic goes live with CMA's BCS/X solution as Electronic Check Clearing House system.
CMA's system has been procured by the Central Bank of Dominican Republic for supply and installation of Electronic Check Clearing House system as a part of the payment system modernization project sponsored by the World Bank. During implementation CMA BCS/X system is configured to comply with legal rules and practices applied in Dominican Republic. The system supports online integration with other Clearing systems and RTGS system. System is compliant with X9 international standards in check processing and imaging.
Currently, 53 participant banks in the country are connected and configured to use the system. The solution is operational in 24h-mode with one hour break from 9am to 10am.