Digital Transformation, Interviews

How the Bank of Israel is fighting digital cheque fraud

By Ellesheva Kissin
Image: Getty Images

The Bank of Israel allowed larger cheques to be digitally cashed in soon after the Israel-Hamas war began – but the chief payments regulator says the move revealed holes in banks’ willingness to combat cheque fraud.

Unlike other developed economies, cheques are still widely used among Israel’s 10 ...

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