The Central Bank of Nigeria (CBN) says banks and cheque printers now risk a fine of N10 million for using unapproved security ...

Deutsche Bank is creating a platform to automate cheque processing to eliminate a largely paper-based process, which requires human intervention. The bank is creating the platform alongside Indian IT ...

This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community. Set to go live in 2019, the new paperless platform will not ...

This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. ITMS is a web-based payments processing system that facilitates the ...

In a bid to speed up the cheque processing time from the current T+1 settlement period, RBI has announced that starting October 1, 2025, cheque handling will move away from the existing batch clearing ...

The Reserve Bank of India (RBI) has deferred the rollout of the second phase of its faster cheque clearance framework, which was scheduled to take effect from January 3, 2026. Under the second phase, ...

ICICI Bank confirmed it will introduce same-day cheque processing from 4 October 2025, provided deposits are made within the designated branch cut-off periods. This adjustment directly follows the ...

The Reserve Bank of India (RBI) on Wednesday said it has postponed the rollout of Phase 2 of the cheque clearing system until further notice, giving banks additional time to streamline their ...

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 ...