The cheque Truncation System (CTS) was initially scheduled to go live in June, but was pushed forward to August 15 following low compliance rate. This was attributed to printing constraints, which ...

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, ...

A lot of those complaining are small business owners who see a rise in their payments and settlements right before the festive period begins.