With the world heading towards a paperless more sustainable future, electronic checks emerge as a commendable solution. Beyond being eco-friendly, they outpace traditional paper checks in speed and efficiency, cutting costs while leveraging the latest innovations. Are you ready to explore the inner workings and tremendous advantages of e-checks? Dive into the article to unleash their full potential!
In 2021, Bahrain’s implementation of nationwide electronic checks marked a world-first breakthrough in banking. Discover the tremendous efforts and integral decisions behind a tale of innovation and success for the industry.
ProgressSoft speaks with Shafaq Alkooheji, Head of Payments Services at the BENEFIT Company, about the development, launch, and adoption of e-cheques in Bahrain, part of the Central Bank of Bahrain’s broader digital transformation strategy.
For some time, direct debit mandates have been the desired payment method for recurring payments. Today, electronic checks are bringing a new desirable option on the table. Here’s a simple infographic evaluating both choices.
Financial institutions should begin with the shift towards electronic checks for many reasons, and here are the fun facts to prove it by ProgressSoft’s Asile Sulaiman.
Following ProgressSoft’s implementation of the world’s first countrywide electronic checks, we had identified that the market indeed demands e-checks, but there’s a twist: so does the regulator. Discover the lessons learned by ProgressSoft’s Chief Solution Architect, Mahmoud Zamel.
A candid conversation with ProgressSoft’s Chief Solution Architect reveals the story behind the solution that helped financial institutions save millions of dollars, how it works, and its impact on the wider industry.