MUMBAI: The new cheque clearing system of the RBI with nationwide uniformity and much shorter time lag allowing credit/debit into/from an account within a few hours, is kicking in from today, October ...

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 ...

ICICI Bank has announced that from October 4, 2025, cheques will be cleared on the same day of presentation, in line with the Reserve Bank of India’s new guidelines on quick clearing and settlement of ...

Joint operation with Barclays, HSBC and Lloyds TSB is hitting margins... The long-term future of the UK banking industry's biggest cheque-clearing organisation has been thrown into doubt after ...

Questions are emerging over the efficiency of the much touted cheque truncation system. It had been expected that with the new system in place, bank customers countywide would enjoy shorter cheque ...

The Reserve Bank on Wednesday postponed implementation of the second phase of the faster cheque clearance mechanism to provide more time to banks to streamline their operations. Photograph: Francis ...

The Reserve Bank of India (RBI) on Wednesday said it has postponed the rollout of Phase 2 of the cheque clearing system until further notice, giving banks additional time to streamline their ...

MUMBAI: The Reserve Bank (RBI) has deferred the rollout of the phase 2 of its faster cheque clearance framework, which was scheduled to be effect January 3, 2026, under which banks were to ...

This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. Alan previously held the roles of Managing Director and Director of ...

The Central Bank of Nigeria (CBN) has lifted suspension placed on cheque instruments in the Nigerian clearing system. Consequently, cheque instruments will be allowed to pass through the clearing ...

13 March 2005 AMMAN -- Jordan became the second country in the world, after Qatar, to adopt the electronic cheque clearing system.Emanating from a partnership between the Central Bank of Jordan (CBJ) ...

Deutsche Bank is to stop clearing cheques denominated in euros for some banks in the Middle East, according to sources familiar with the matter, joining other big banks that cut services in the region ...