Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Old-fashioned and costly, cheques are a remnant of a labour-intensive banking era. But there are strong reasons ...
All corporate cheques will be eliminated by end-2025 while individuals will still be able to use cheques for a period after 2025, MAS announced on Friday (28 July). (PHOTO: Getty) · payphoto via Getty ...
Lian Beng Group’s switch to e-payments transformed how it manages cash flow across more than 20 subsidiaries and thousands of ...
Despite falling out of popularity in recent years, the former darling of the overseas money markets should still be a part of your travel wallet. Once the darling of the overseas money markets, ...
Because a new forecast of cheque usage data by comparison site finder.com.au has found cheques could become completely extinct in Australia within two years. After analysing RBA data, the site found ...
—Write clearly and legibly and always use permanent ink pens such as a ball pen. —Ensure no alteration/amendment/erasure on the face of the cheque as banks will reject such cheques. —Begin writing the ...
Once the standard for business payments, cheques will soon be a thing of the past. Transaction volumes for cheques denominated in Singapore dollars have fallen by approximately 80 per cent from 61 ...
UK banks are to begin allowing people to pay in a cheque simply by taking a photo of it on their smartphone after the government after the government announced new legislation to introduce the ...
Plans to phase out cheques from 2018 have faced renewed criticism. Conservative MP Andrew Tyrie, chairman of the Treasury select committee, said the banks' approach had been "high-handed" and the ...
The Reserve Bank of India (RBI) has asked commercial banks not to treat ATM transactions failing for technical reasons as well as non-cash withdrawal transactions - such as balance enquiries or cheque ...