The Central Bank of Barbados (CBB) has issued a regulatory mandate for all banks in Barbados to digitise the cheque clearing process to facilitate cheque image exchange.
To comply, CIBC Caribbean, will be implementing a new digital cheque clearing solution, designed to streamline and expedite your transactions.
The next six months will be a testing phase, and while the expectation is to improve the bank’s cheque clearing capabilities, to ensure that cheque transactions are successfully processed, your cheques must meet the required cheque clearing standards; specifications for printing cheques and the six key points for the electronic processing of cheques.
