E-Checks System to Undergo Trials

EghutesadOnline: Tejarat, Saderat and Parsian banks will pilot the electronic checks system before its wide implementation in all banks.

News ID: ۷۵۱۹۸۸

11 November 2022

Anew electronic checks system will be piloted in three banks before its wide implementation in all banks, the Central Bank of Iran announced.

As per the new check law, the digital secure check system (also known as Checkad) should operate with electronic checks.

Ali Salehabadi, governor of the Central Bank of Iran, predicted that the first electronic check will be issued in the coming weeks, Peivast reported.

The procedure of issuing e-checks via Checkad will undergo trials in Tejarat Bank, Bank Saderat Iran and Parsian Bank, as their infrastructure is more amenable for this project.