Mumbai | The RBI will introduce a new mechanism from October 4 for clearance of cheques within hours of being presented to banks, reducing the current time period of up to two working days. Cheques ...

Cheque volumes in the UK may have dropped from four billion in 1990 to 644 million in 2014, however the introduction of the Future Clearing Model will modernise the payment method, with banks using ...

Commercial banks will reduce the cheque-clearing period from two days to one from August 19. This means if you deposit a cheque in any part of the country on Monday, your account will be credited with ...

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) ...