SIX HUNDRED workers are set to lose their jobs after a cheque processing company announced that it would close sites across the country. Staff at Intelligent Processing Solutions Ltd (iPSL) were told ...

is considering a major overhaul in cheque processing, shifting from batch processing to continuous clearing. This change aims to reduce clearance time from the current T+2 days to just a few hours.

KUALA LUMPUR: Bank Negara Malaysia unveiled more plans to boost electronic payments, which includes increasing cheque fee for processing, enhancing the e-payment infrastructure and waiving the ...