With rising cheque fraud cases, banks are stepping up security. The Positive Pay System (PPS), introduced by the Reserve Bank of India in 2021, offers a robust mechanism to safeguard high-value ...

While writing cheques for a high-value payment, it is important for you to know certain things to avoid misuse. To prevent cheque-related frauds, the Reserve Bank of India (RBI) has placed systems – ...

To continue reading this content, please enable JavaScript in your browser settings and refresh this page. Check fraud remains one of the greatest fraud threats to ...

To continue reading this content, please enable JavaScript in your browser settings and refresh this page. Business fraud is relentless. Scammers have learned how to ...

When the check is presented for payment, the bank verifies its authenticity by matching the check number, account number, and dollar amount against the list of checks provided by the issuing company.

Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Somer G. Anderson is CPA, doctor of accounting, and an accounting and finance professor who ...

According to the bank, the change will benefit account holders by increasing convenience, accelerating fund availability, and reducing delays. For efficient processing, it has advised clients to ...

SAN RAMON, Calif., April 9, 2025 /PRNewswire/ -- Lumin Digital, a leader in cloud-native digital banking solutions, announced its latest partnership with Advanced Fraud Solutions (AFS), a trusted ...

ICICI Bank has announced a big change in its cheque processing to make banking faster and easier for customers. Starting October 4, cheques submitted at any branch will be cleared and credited to ...

With momentum accelerating behind faster payments on the automated clearing house, fraud prevention is taking on a higher profile at the nation’s banks. In the latest move, Bank of America Corp. on ...

If you’ve deposited a cheque in the bank and frequently had to wait for the money to arrive – possibly even up to two days – here is some great news for you. This wait has always been an inconvenience ...

During 2024-25, the RBI had added 54.13 metric tonnes of gold. The Reserve Bank of India has introduced real-time clearing of cheques. However, technology integration glitches, inadequate training of ...