Pune: Account holders and merchants continue to face delays in cheque processing under the newly implemented single presentation cheque clearance system, despite the National Payments Corporation of ...

An electronic cheque which eliminates the need for costly processing by banks but preserves the simplicity and ease of a traditional cheque book has been designed by a team of academics in the UK.

This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community. Under the terms of the contract, Unisys will help the bank ...

This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. Financial institutions will now have a single vendor solution to process ...

Starting today, banks across India have implemented a new system for cheque clearance, promising faster processing and quicker availability of funds. The change is expected to benefit millions of ...

The Reserve Bank of India (RBI) has postponed the implementation of its proposed three-hour cheque clearance rule, offering banks additional time to prepare for faster processing norms. The decision ...

SINGAPORE — All corporate cheques will be eliminated by end-2025 while individuals will still be able to use cheques for a period after 2025, the Monetary Authority of Singapore (MAS) announced on ...

The switch to the new automated system of processing cheques has been pushed back to June 15. Chief executive of the Kenya Bankers Association (KBA), Habil Olaka, said banks require more time to test ...