{"id":3062,"date":"2009-11-24T13:38:50","date_gmt":"2009-11-24T17:38:50","guid":{"rendered":"http:\/\/calleam.com\/WTPF\/?p=3062"},"modified":"2015-12-17T13:18:44","modified_gmt":"2015-12-17T17:18:44","slug":"canadian-payments-association","status":"publish","type":"post","link":"https:\/\/calleam.com\/WTPF\/?p=3062","title":{"rendered":"Canadian Payments Association"},"content":{"rendered":"<p>Following entry is a record in the \u201c<a href=\"http:\/\/calleam.com\/WTPF\/?page_id=3\">Catalogue of Catastrophe<\/a>\u201d &#8211;\u00a0a list of failed and troubled projects from around the world.<\/p>\n<hr \/>\n<p><strong>Canadian Payments Association \u2013 Canada<br \/>\nProject : <\/strong>Truncation and Electronic Cheque Presentment (TECP)|<br \/>\n<strong>Date : <\/strong>Jan 2009<br \/>\n<strong>Cost :<\/strong> $undisclosed, but web search indicates project to have been a $300M initiative<\/p>\n<p><strong>Synopsis :<\/strong><br \/>\nThe TCEP system was a\u00a0system designed to simplify the clearing of checks by scanning and transmitting check data between banks rather than transferring millions of individuals checks around the county. Started in 2002, the project was cancelled in late 2008 \/ early 2009 following numerous delays.<\/p>\n<p><strong>Contributing factors as reported in the press :<\/strong><br \/>\nComplexity. I also wonder about the timing of this project. By 2009 the number of written paper based cheques was already in decline. Although not stated anywhere in the available reports I wonder if the business case was weakened as the project moved forward by the ongoing shift to online payments and other modern payment methods.<\/p>\n<p><strong>Reference links :<\/strong><\/p>\n<ol>\n<li><a href=\"http:\/\/www.cbc.ca\/news\/canada\/british-columbia\/banks-lost-millions-on-digital-cheque-project-1.802974\" target=\"_blank\"><span style=\"color: #0070c5;\">Banks lost millions on digital cheque project<\/span><\/a><\/li>\n<\/ol>\n","protected":false},"excerpt":{"rendered":"<p>Following entry is a record in the \u201cCatalogue of Catastrophe\u201d &#8211;\u00a0a list of failed and troubled projects from around the world. Canadian Payments Association \u2013 Canada Project : Truncation and Electronic Cheque Presentment (TECP)| Date : Jan 2009 Cost : $undisclosed, but web search indicates project to have been a $300M initiative Synopsis : The [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5,3,77],"tags":[132,129,93,147],"class_list":["post-3062","post","type-post","status-publish","format-standard","hentry","category-private-sector","category-failed-project","category-why-projects-fail","tag-private-sector","tag-failed-project","tag-why-do-projects-fail","tag-why-projects-fail"],"_links":{"self":[{"href":"https:\/\/calleam.com\/WTPF\/index.php?rest_route=\/wp\/v2\/posts\/3062","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/calleam.com\/WTPF\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/calleam.com\/WTPF\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/calleam.com\/WTPF\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/calleam.com\/WTPF\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=3062"}],"version-history":[{"count":14,"href":"https:\/\/calleam.com\/WTPF\/index.php?rest_route=\/wp\/v2\/posts\/3062\/revisions"}],"predecessor-version":[{"id":7805,"href":"https:\/\/calleam.com\/WTPF\/index.php?rest_route=\/wp\/v2\/posts\/3062\/revisions\/7805"}],"wp:attachment":[{"href":"https:\/\/calleam.com\/WTPF\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3062"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/calleam.com\/WTPF\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3062"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/calleam.com\/WTPF\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3062"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}