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Aperta Selected to Provide Image Cheque Truncation and Electronic Payments in the Philippines

The Philippine Clearinghouse Corporation (PCHC) is Pleased to Announce the Selection of Aperta to Provide the Philippine Automated Clearing System (PACS)

CUMBERNAULD, United Kingdom - Thursday, February 12th 2015 [ME NewsWire]

(BUSINESS WIRE) -- Aperta, a world-leading supplier of payment solutions, announced today that it has been selected by PCHC to provide the PACS solution for the Philippines.

PACS is a comprehensive payment solution that incorporates the clearing and settlement functionality for both image-based cheque truncation system (CTS) – Cheque Image Clearing System (CICS), and for Electronic Funds Transfer (EFT) payments.

Aperta is an established provider of successful clearing and settlement solutions for both image-based cheque truncation and EFT payments. Its solutions are installed and have been running uninterrupted providing clearing and settlement in both United Arab Emirates and in Bangladesh with pilot programmes running in other countries.

Commenting on the selection of the Aperta Active Clearing System (ACS) as the core financial engine for PACS, Jim Murray, Managing Director of Aperta, said, "Having a varied and growing base of clients in different international locations, it is important that Aperta can provide the best performing and most cost-effective solutions to those clients in these varied locations.

“With a daily average of 700K and a peak that can go as high as 2M cheques per day processed in the Philippines, Aperta’s solutions provide the flexibility, stability, and reliability required to meet the demanding workload. The efficiency that comes with truncation will result in significant cost savings for the banks in the Philippines and a significant reduction in the time required for clearing.

“The improved efficiency of cheque clearing combined with the enhanced provision of electronic payments will result in the payment system in the Philippines being among the most efficient in the world and provides a strong base for the future inclusion of additional payment streams.

"Aperta is internationally recognised as a leading provider of payment solutions and is acknowledged as having among the most comprehensive and complete payment and antifraud processing solutions available.”

Aperta provides member bank solutions as well as clearinghouse solutions. These are installed in a growing number of client organisations, which today stands at in excess of 500. These clients range from Central Banks, Automated Clearinghouses, Commercial Banks, and other financial and payments processing organisations.

Having been selected to provide the Philippine PACS solution, Aperta looks forward to working with the banks in the Philippines and PCHC to ensure that they have the finest clearing and settlement solution possible and that the country as a whole benefits from the improved clearing cycle.

About Aperta Payment Systems

Aperta ( is a premier provider of payment solutions and services worldwide.

The Aperta solutions comprise a comprehensive suite of applications: Automated Clearinghouse; Check Processing; Electronic Funds Transfer (EFT); and related security and antifraud components.

Aperta solutions are in use in over 500 financial institutions worldwide. These include Central Banks, Automated Clearinghouses, commercial banks, service bureaus, and bill processors. These solutions process billions of checks and payments-related documents and transactions annually.

Aperta solutions are internationally renowned for their comprehensive functionality, flexibility, and reliability. They are used internationally in fully truncated clearinghouses, for check processing by local and international commercial banks, and in other, varied payment processing institutions.

For more information about Aperta and its products visit

About PCHC

PCHC was established in July 1977 with the primary corporate objective of providing, maintaining and rendering an effective, convenient, efficient, economical cheque clearing service to the participating banks.

Trusted as a neutral service bureau of the banks in the Philippines, PCHC extended its operating outfit by implementing several electronic-based payment system services for the banking community such as the Electronic Peso Clearing & Settlement (EPCS) System, Philippine Domestic Dollar Transfer (PDDTS) System and the Project Abstract Secure (PAS) System.



Jim Murray,

+44 (1236) 733300



Martin Wylupek,

+44 (1236) 733300




Emmanuel E. Barcena,

+632 8861348



Linley V. Julian,

+632 8861344



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