What is Cheque Truncation System? Cheque Truncation System (CTS) is a cheque clearing system undertaken by the Reserve Bank of India (RBI) for quicker cheque clearance. As the term proposes, truncation is the course of discontinuing the flow of the physical cheque in its way of clearing. Instead of this an electronic image of the cheque is transferred with vital essential data. Cheque Truncation System companies in india brings elegance to the whole activity of cheque processing & clearing and offers numerous benefits to banks like time and cost savings,…
Day: January 9, 2019
Top 11 Best BPO Companies In The World
BPO fully abbreviated as Business Process Outsourcing has become one of the thriving industries in the world nowadays. There are lots of countries who are taking advantage of this industry. However, there migiht be some people who wonder what really a top BPO company in india does? They outsource the tasks for a particular company to some other third-party organisation. In the present times, BPO has become a main part of the running business organisations. There are many companies around the globe who are known to offer essential services to…
5 Different Types of Data Processing
In this article, I’m going to explain five different types of data processing. The first two, scientific and commercial data processing, are application specific types of data processing, the second three are method specific types of data processing. First a quick summary of data processing: Data processing companies in india is defined as the process of converting raw data into meaningful information. Data processing can be defined by the following steps Data capture, or data collection. Data storage. Data conversion (changing to a usable or uniform format). Data cleaning and error…