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 ...

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 ...

The National Payments Corporation of India (NPCI) on Thursday said that some teething issues persist in the continuous cheque clearing system. On October 4, 2025, the Reserve Bank of India introduced ...

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 ...

Commercial banks customers are likely to benefit from extended banking hours following the automation of the cheque processing procedure scheduled for next month. Kenya Bankers Association (KBA) Chief ...