Articles with tag: cheque

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South African Revenue Service to discontinue use of cheques from 2021

News | Online Payments | 13 Nov 2020

The South African Revenue Service (SARS) has announced it will discontinue the use of cheques from 2021.

SARS, The South African Revenue Service, cheque, contactless payments, South Africa, payments, EFT, ABSA, Capitec, FNB, Nedbank, Standard Bank

1 in 4 Canadian businesses struggle with cashflow

News | Online Payments | 14 Oct 2020

Payments Canada has released survey results from Canadian small business owners revealing that 1 in 4 Canadian businesses struggle with cashflow.

cross border payments, cheque, cash, cashflow, gig workers, risk management, payments

The UK Chancelor of the Exchequer extends CBILS

News | Payments General | 28 Sep 2020

The UK’s Chancelor of the Exchequer has reported intentions to extend the government loan schemes that have been helping SMEs stay afloat throughout the coronavirus pandemic. 

UK, Chancelor of the Exchequer, CBILS, government loan schemes, SMEs, coronavirus, pandemic, financial aid, fintechs, alternative lenders, accredited lenders, banks, CLBILS, Bounce Back Loans, loans, Future Fund, convertible loans, repayment, Pay As You Grow

Reserve Bank of India unveils new cheque payments feature

News | Digital Identity, Security & Online Fraud | 18 Aug 2020

The Reserve Bank of India (RBI) has rolled out a new way of cheque payments feature via the ‘Positive Pay’ mechanism, according to Verdict.

Reserve Bank of India, cheque payments, security, fraud

COVID-19 accelerates the move to digital payments across Canada

News | Online Payments | 26 May 2020

Interac’s recent shopping data has shown a spike in consumers and businesses choosing digital payments in Canada, as economy begins to reopen.

Interac, Canada, study, digital payments, contactless transactions, cash, cheques

Starling Bank releases its 'Connected Card'

News | Online & Mobile Banking | 08 Apr 2020

UK-based challenger Starling Bank has launched ‘Connected Card’, which will allow customers to entrust another person to buy essential items on their behalf.

Starling Bank, debit card, Connected Card, coronavirus, IOU, cheques, bank transfers, cash, PIN,

Starling Bank launches mobile cheque deposits

News | Online & Mobile Banking | 07 Apr 2020

UK-based challenger Starling Bank has launched a new feature, introducing mobile cheque deposits.

Starling, banking, challenger bank, cheque, mobile app, UK,

Vocalink and LINK extend payments settlement partnership until 2031

News | Online Payments | 28 Oct 2019

US-based Vocalink, a Mastercard company, has signed a new contract with UK-based interbank network LINK to provide settlement services until 2031.

Vocalink, LINK, partnership, Faster Payments, Bacs, LINK, and Cheque & Credit Clearing Company, SWIFT, Transmission Solution (STS) Gateway Product, settlement system, ATM, online payments, UK, United Kingdom, Europe, Current Account Switching Solution, CASS

GBP 616 mln stolen in UK bank accounts scams in six months

News | Digital Identity, Security & Online Fraud | 30 Sep 2019

Official figures have shown that more than GBP 616 million was stolen from UK bank accounts in H1 of 2019.

UK, bank accounts, scams, banking fraud, unauthorised card, cheque fraud, unauthorised transactions, APP, authorised push payment, payments

Deutsche Bank discovers serious failings in its AML and sanctions controls

News | Digital Identity, Security & Online Fraud | 11 Jun 2019

Deutsche Bank has found serious failings in its anti-money laundering and sanctions controls according to Financial Times.

Deutsche Bank, AML, payments screening, payments, cheques, risk management, AMLD4, banking, transaction monitoring

IDBI Bank unveils digitised interface to allow open savings accounts

News | Payments General | 16 Apr 2019

India-based IDBI Bank has launched a new mobile and web-based digitised interface to allow people to open savings account instantly.

IDBI Bank, launch, digitised interface, savings account, India, debit card, cheque, paperwork, onboarding, KYC, QR Code, savings, bank account, customers

Danske Bank introduces anti-fraud and cyber-crime unit

News | Digital Identity, Security & Online Fraud | 10 Apr 2019

Danske Bank has created a new specialist fraud and cyber-crime team, aiming to help customers combat the rising threat from fraudsters and criminal gangs.

Danske Bank, fraud, cyber crime, threats, fraudsters, criminal gangs, criminal activities, card, ATM, cheque, and payment fraud, risks, scams

Scammers stole GBP 1.2 bln from British bank customers in 2018

News | Digital Identity, Security & Online Fraud | 25 Mar 2019

Official data from UK Finance has revealed that scammers stole GBP 1.2 billion from UK bank customers in 2018 with a near-500% leap in counterfeit cheque fraud.

UK Finance, banking, data breaches, cheque fraud

Suits Me, HooYu team up to facilitate banking for migrant workers

News | Online & Mobile Banking | 31 Jan 2019

Identity confirmation provider HooYu has partnered with alternative banking solution Suits Me to help financially-excluded workers get quicker access to bank services.

Suits Me, HooYu, partnership, banking, identity, accounts, debit card, KYC, ID validation, digital footprint, fees, cheques, payroll

TALL Group teams up with DIA Europe for fraud prevention tool

News | Digital Identity, Security & Online Fraud | 20 Dec 2018

The TALL Group of Companies has partnered with DIA Europe to create a tool designed for facilitating the cheque industry’s protection against payment fraud.

TALL Group, partnership, DIA Europe, fraud, prevention, cheques, security, payments, data, UK

Westpac allows customers to deposit cheques via mobile phones

News | Online & Mobile Banking | 08 Oct 2018

Westpac has launched the Westpac Mobile Cheque Deposit feature allowing customers in Australia to scan and deposit cheques via their mobile app.

Westpac, Westpac Mobile Cheque Deposit, Australia, mobile app, cheques, ATM, iPhone, Android, mobile banking

AscendantFX announces new technology solution

News | E-invoicing, SCF & E-procurement | 28 Mar 2018

AscendantFX, a technology-based payments provider, has launched a new technology solution to help financial institutions in processing paper cheques.

AscendantFX, Express Check Solution, paper cheques, fraud, financial institutions

Emirates Islamic Bank rolls out blockchain Check Service to fight fraud

News | Digital Identity, Security & Online Fraud | 13 Jun 2017

Emirates Islamic Bank, part of the Emirates NBD group, has announced integrating blockchain into its paper checks.

Emirates Islamic Bank, Emirates NBD, UAE, fraud prevention, online security, blockchain, paper check, Cheque Chain

Canada on way to drop cheques and cash for digital payments

News | Mobile Payments | 10 May 2017

Payments Canada and Leger Marketing has issued the Payments Pulse survey revealing that half of Canada is ready to drop cash although less than 15% consumers have adopted e-wallets.

Canada, cheques, cash, digital payments, e-wallets, Payments Canada, Leger Marketing, Payments Pulse, consumers, mobile payments

Wirecard finds credit card, PayPal most used payment methods in US

News | Online Payments | 13 Mar 2017

Wirecard has found that the credit card and PayPal are the most popular payment methods in the US, only 8% paying via cash or cheque.

Wirecard, US, credit card, online payments, PayPal, payment method, cash, cheque