{
    "success": true,
    "data": {
        "id": 1442926,
        "msgid": "bi-speeds-up-fund-transfer-1447893297",
        "date": "1999-08-19 00:00:00",
        "title": "BI speeds up fund transfer",
        "author": null,
        "source": "JP",
        "tags": null,
        "topic": null,
        "summary": "BI speeds up fund transfer JAKARTA (JP): Starting today, Bank Indonesia (BI) will speed up its clearing and settlement process for fund transfers in Jakarta to less than 24 hours. Head of the Development of the National Payment System department of the central bank, Mohamad Ishak, said on Wednesday that under the new clearing and settlement process a fund recipient can obtain his money from the bank the next day following the transfer.",
        "content": "<p>BI speeds up fund transfer<\/p>\n<p>JAKARTA (JP): Starting today, Bank Indonesia (BI) will speed<br>\nup its clearing and settlement process for fund transfers in<br>\nJakarta to less than 24 hours.<\/p>\n<p>Head of the Development of the National Payment System<br>\ndepartment of the central bank, Mohamad Ishak, said on Wednesday<br>\nthat under the new clearing and settlement process a fund<br>\nrecipient can obtain his money from the bank the next day<br>\nfollowing the transfer.<\/p>\n<p>\"Overnight transfers are applicable within Jakarta for all<br>\ninterbank fund transfers,\" he said.<\/p>\n<p>For paying with check, clearing and settlement can also be<br>\nprocessed overnight if the checks are worth Rp 100 million (about<br>\nUS$13,700 at the current rate) or above, Mohamad added.<\/p>\n<p>Previously, the clearing and settlement process by BI would<br>\ntake two days until funds could be withdrawn by the party to<br>\nwhich the funds were transferred. (udi)<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/bi-speeds-up-fund-transfer-1447893297",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}