The Era of cheque truncation has served its purpose each day that passes the banking sectors finds a new means of technology in order to satisfy customers and give them an expected end in service delivery.


Nigeria Inter-Bank Settlement System [NIBSS] and Precise Financial Systems [PFS] have collaborated to unveil a new National Automated Clearing System [NACS], which allows all the Deposit Money Banks in the country to clear cheques within hours.


See more importance of partnership btw NIBBS and PFS