A local business technology solutions provider, Fintech, has come up with a system through which banks could send scanned images instead of Paper Cheques for clearing and settlement, in a process ...

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 ...

Banks move to continuous cheque clearing from October 4, enabling near real-time settlements and quicker fund access, ...

The move toward check truncation is picking up steam for a number of reasons. They include the declining cost of technology, constant increases in mailing costs, the shock of Sept. 11, when banks came ...