Banking fraud will significantly reduce, once the new truncated cheques come into use in January next year. The period used to clear cheques will also be reduced to two days from four. Cheque ...

During the last two decades or so the attitude and lifestyle of the consumers of banking service have been influenced by the advancement in technology. In tune with technological changes the banks’ ...

The electronic form of cheques (e-cheques) and the system of cheque truncation are prevalent in most of the countries in the world. E-cheques and the system of cheque truncation have been introduced ...

The commencement of cheque truncation scheme in the country’s financial system will raise banks’ transaction risks, The Nation has learnt. Sales Manager, Sybrin Systems Limited, Daniel Parreira, who ...

A cheque in electronic form is a cheque which reflects the exact mirror image of a paper cheque. It is generated, written and signed through digital means, thereby ensuring the minimum safety ...

The Reserve Bank has been taking several reform measures to improve safety and efficiency in the payment modes. Though the thrust has been towards a move to the safer and more efficient electronic ...

Bangladesh Bank circulated a notice published in 'Daily Prothom Alo', in April, 2015 asking for general recommendations that it is going to enact an Act on payment system entitled 'Payment System Act ...

‘6. “Cheque”.-A “cheque” is a bill of exchange drawn on a specified banker and not expressed to be payable otherwise than on demand and it includes the electronic image of a truncated cheque and a ...

Barring any unforeseen circumstance, the cheque truncation system proposed by the Central Bank of Nigeria (CBN) will commence by January next year. General Manager, Operations, Nigeria Inter-Bank ...

In the day to day life, many of us might have acquainted with the issue of dishonor of cheque or cheque bounce, due to the insufficiency of funds or signature mismatch or overwriting or any other ...