Check (or cheques) have long been a standard way for moving money from one bank account to another. They’re essentially little more than a codified document that puts the necessary information in a ...

This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community. With cheques now making up just 0.2% of non-cash payments in ...

In a move that reflects Australia’s increasingly digital future, cheques are being phased out of the financial landscape. The government plans to end cheque use entirely by 2030, and for those with ...

SYDNEY, June 6 (Reuters) - Australia will phase out cheques by 2030 as part of a broader overhaul of its payments system designed to capitalise on digitisation to improve efficiency and regulation, ...

However, this transition will not be easy and pose certain challenges. In Australia, because of the phase out of cheques, the Insurance Council of Australia (ICA) has provided some challenges that the ...

Inserting your bank card into an Australian ATM or card reader presents the option of selecting to make payment or withdraw cash using one of three accounts: Credit, Savings or Cheque. But the latter ...

Because a new forecast of cheque usage data by comparison site finder.com.au has found cheques could become completely extinct in Australia within two years. After analysing RBA data, the site found ...