{"id":5182,"date":"2018-05-07T05:26:03","date_gmt":"2018-05-07T05:26:03","guid":{"rendered":"http:\/\/en.azpar.com\/?p=5182"},"modified":"2018-05-07T05:27:05","modified_gmt":"2018-05-07T05:27:05","slug":"new-check-processing-system-postponed","status":"publish","type":"post","link":"https:\/\/en.azpar.com\/?p=5182","title":{"rendered":"New Check-Processing System Postponed"},"content":{"rendered":"<p style=\"text-align: justify;\"><span class=\"drop\">T<\/span>he Central Bank of Iran has delayed until September the implementation of a new scheme to streamline its check-processing system to give banks more time to adapt, a central bank official said. Dubbed \u201cSayyad\u201d, the new system is aimed at improving the security features of checks and add a two-dimensional barcode containing much of the relevant data. Under a schedule previously announced by CBI, the plan should have come into force by May 4. \u201cBut given the vast scope of the Sayyad initiative, that deadline was extended to give the banks time to align themselves with the new system and complete the necessary measures and fully withdraw the pile of old checks already in circulation,\u201d Masoud Rahimi, the bank\u2019s head of Banknote Issuance Office, said in an interview with CBI\u2019s website published on Sunday. \u201cAs of Sept. 22, the post-dated checks can only be processed at the branches of the issuing bank.\u201d The new system involves an option to run a credibility check on an account holder that intends to write a check. It also makes it possible to deposit a check into an account by simply scanning it at ATMs.<\/p>\n<p>Source:<\/p>\n<p><em>2018, New Check-Processing System Postponed, Sunday, May 07, p.1,<a href=\"https:\/\/financialtribune.com\/articles\/economy-business-and-markets\/85926\/new-check-processing-system-postponed\" target=\"_blank\" rel=\"noopener\">&lt;https:\/\/financialtribune.com<\/a><\/em><em>&gt;<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Central Bank of Iran has delayed until September the implementation of a new scheme to streamline its check-processing system to give banks more time to adapt, a central bank official said. Dubbed \u201cSayyad\u201d, the new system is aimed at improving the security features of checks and add a two-dimensional barcode containing much of the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":5184,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6,28,31,1],"tags":[],"class_list":["post-5182","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest-news","category-news","category-news-events","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/en.azpar.com\/index.php?rest_route=\/wp\/v2\/posts\/5182","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/en.azpar.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/en.azpar.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/en.azpar.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/en.azpar.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=5182"}],"version-history":[{"count":2,"href":"https:\/\/en.azpar.com\/index.php?rest_route=\/wp\/v2\/posts\/5182\/revisions"}],"predecessor-version":[{"id":5185,"href":"https:\/\/en.azpar.com\/index.php?rest_route=\/wp\/v2\/posts\/5182\/revisions\/5185"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/en.azpar.com\/index.php?rest_route=\/wp\/v2\/media\/5184"}],"wp:attachment":[{"href":"https:\/\/en.azpar.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=5182"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/en.azpar.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=5182"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/en.azpar.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=5182"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}