EDP and EDP+ will be available in seven banks’ digital banking platforms. The Association of Banks in Singapore (ABS) has ...

ABS has launched EDP and EDP+ to help Singapore businesses and individuals move away from cheques ahead of the planned phase-out.

PETALING JAYA: OpenSys (M) Bhd has accepted a letter of award from Malayan Banking Bhd worth RM105mil to process the latter’s outward clearing cheques for all its branches nationwide.

Unisys has won a business process outsourcing contract for cheque clearing services with Malaysia's largest financial services institution, Malayan Banking Berhad (Maybank), worth an estimated $26 ...

The change comes amid rising cheque-processing costs as usage declines, said MAS and ABS. The average cost of clearing a cheque has quadrupled since 2016 to S$0.40 in 2021. This is set to increase ...

OpenSys (M) Bhd has accepted a letter of award from Malayan Banking Bhd or Maybank worth RM105mil to process the latter’s outward clearing cheques for all its branches nationwide.