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All corporate cheques will be eliminated by end-2025 while individuals will still be able to use cheques for a period after 2025, MAS announced on Friday (28 July). (PHOTO: Getty) · payphoto via Getty ...
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 ...
SINGAPORE - Users of cheques will have two new electronic payment methods from mid-2025 as part of Singapore’s move to gradually phase out corporate cheques. The two methods will allow deferred ...
The Central Bank of Jordan (CBJ) has deployed an electronic cheque clearing (ECC) system to streamline the Hashemite Kingdom’s move toward electronic banking. Based on Progress Soft’s ECC (PS-ECC) ...
Deutsche Bank is creating a platform to automate cheque processing to eliminate a largely paper-based process, which requires human intervention. The bank is creating the platform alongside Indian IT ...
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 ...