The Central Bank of Bahrain (CBB) and The BENEFIT Company (Bahrain's Electronic Network for Financial Transactions) started running today Bahrain Check Truncation System (BCTS), provided by ProgressSoft, the leading provider of innovative payment solutions.

Today, Nepal starts operating electronic clearing of checks with the live-run of ProgressSoft's Electronic Image-based Check Clearing Solution across the country. Following the awarding of this nationwide project by Nepal's Central Bank (Nepal Rastra Bank) to ProgressSoft last year, the solution has been deployed at Nepal Clearing House Ltd (NCHL) and rolled out to 120 banks and financial institutions, scattered across the country's area of 147,181 sq km.

ProgressSoft Corporation has been awarded the nationwide project for the development and implementation of the Electronic Check Clearing Solution in the Republic of Seychelles - the country of 115 islands in the West Indian Ocean.