Jamshedpur, Feb. 15: Financial transactions in the steel city hit a stumbling block after certain banks refused to accept non-Magnetic Ink Character Recognition (MICR) cheques. Though branch managers ...
Jamshedpur, Feb. 15: Financial transactions in the steel city hit a stumbling block after certain banks refused to accept non-Magnetic Ink Character Recognition (MICR) cheques. Though branch managers ...
The central bank has asked all banks to report incidents of counterfeiting of cheques. At the same time it asked for suggestions on how to prevent such fraud. MICR technology was introduced to stop ...
Banks in the UAE are expected to soon start implementing new technology – including the use of QR codes to improve cheque security in the country. Members of the UAE Banks Federation (UBF) plan to ...
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