The Federal Reserve is considering scaling back or ending paper check processing as digital payments rise. Experts warn the ...

The Federal Reserve Board cites a sharp decline in check usage and a rise in fraud as reasons for phasing out paper checks.

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, ...

A draft Bill is being prepared to enable commercial banks process electronic cheques. Apart from amendments to the Bills of Exchange, other preparations taking place as migration to an electronic ...

The Federal Reserve Board last week made a move toward potentially reducing the availability of check processing services that it provides to banks and credit unions, asking the public for input on ...

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 ...

India’s new real-time cheque clearance system, introduced by the Reserve Bank of India to speed up payments, is facing early teething issues. Many customers have reported delays as the bank staff is ...

The Reserve Bank of India (RBI) has postponed the implementation of Phase 2 of Continuous Clearing and Settlement on Realisation in Cheque Truncation System (CTS) until further notice. The central ...