PETALING JAYA: With stamp duty for cheque book issuance having increased in cost by over 600%, the use of cheques by businesses may reduce further as some look to transition to other methods of ...

The Trump administration in the US has kicked off a drive to phase out the use of paper cheques in government payments as part of a concerted effort to modernise the nation's archaic payment systems.

This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community. Why does the US lead the world in the use of paper cheques?

Bahamian cheque suppliers yesterday warned they will be forced out of business if the Central Bank and its licensees succeed in “significantly reducing” or eliminating use of this payment mechanism, ...