Learn about the role of a drawee in financial transactions, how it operates in check processing, and its importance in redirecting funds from the drawer to the payee.

Venezuela said on Wednesday it will tax hard-currency transactions between clients of the same bank, an effort by President Nicolas Maduro's government to boost tax revenue amid a broader economic ...

ReconArt, a leading provider of enterprise-class reconciliation and financial solutions, announced it has selected Armor Defense's Managed Detection and Response (MDR) services on Oracle Cloud ...

As per data in the payment system report, between December 2023 and December 2024, cash remained the primary mode of financial exchange across the country.