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 ...

From October 4, 2025, India’s cheque clearing system will become much faster, moving from a batch-based process to continuous clearing and settlement on realisation. This change means that funds from ...

India’s new real-time cheque clearance system, introduced by the Reserve Bank of India to speed up payments, is facing early teething issues. Many customers have reported delays as the bank staff is ...

In response to the Payment Council's decision to set a target date of 2018 to close the cheque clearing system, Andrew Harrop, Head of Public Policy for Age Concern and Help the Aged, said: "This move ...

THE Central Bank of Nigeria (CBN) will on September 4 begin same-day value for cheque transaction. The cheque clearing system, CBN Director, Banking and Payment System, ‘Dipo Fatokun, explained, will ...

Electronic clearing (e-clearing), which is being implemented only at banks’ headquarters, will be extended to the branches between July and September. The extension is subject to the approval of the ...