The Central Bank of Nigeria (CBN) says banks and cheque printers now risk a fine of N10 million for using unapproved security features. The apex bank disclosed this as it revised the Sanction Grid of ...

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 Clearing Process In Banks: From 4 October 2025, there is going to be a revolutionary change in the process of cheque payment. Where earlier you had to wait for a day or two, now this work will ...

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 ...

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 ...

When compact discs were first released in the 1980’s, people were amazed at the thought of digital music and it took some years for music listeners to think about replacing their vinyl records with CD ...

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 ...