Bankers Trust New York Corp. says a Canadian check clearing and settlement venture it established in January has garnered 70% of the market for "southbound" transactions.

The venture clears checks denominated in U.S. dollars for Canada's largest banks through a processing site in suburban Toronto.

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.