Arkansas Systems Inc. has reached an agreement with the People's Bank of China, the equivalent of the U.S. Federal Reserve System, to provide regional clearinghouses in three major Chinese cities.

Arkansas Systems, Little Rock, will provide check processing software converting the Chinese banking system from a paper-heavy operation to a high-speed electronic system. The clearinghouses are being established in Nanjing, Shenyang, and Harbin. They should be operational by October.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.