The RBI will introduce a new mechanism from October 4 for clearance of cheques within hours of being presented to banks, PTI reported. This will reduce the current time period of up to two working ...

In a significant customer-friendly move, the Reserve Bank of India (RBI) has announced a major overhaul of the cheque clearing system. Starting October 4, 2025, cheque payments will be processed ...

Tomorrow marks the dawn of a new era as the banking industry changes how cheques are processed and cleared. From Wednesday, Kenyan banks will electronically process and clear cheques, removing the ...

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) ...

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 ...