19 October 2017
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Latest cheque imaging news

New UK payment system operator names Paul Horlock chief exec
Payments

New UK payment system operator names Paul Horlock chief exec

27 September 2017  |  10146 views  |  1 comments | 13 tweets | 12 linkedin

The UK's new payment system operator has appointed former Nationwide Building Society exec Paul Horlock as chief executive, overseeing the consolidation of Bacs, the Cheque and Credit Clearing Company and the Faster Payments Scheme.

Digiliti Money rejects Urban FT takeover offer
Retail banking

Digiliti Money rejects Urban FT takeover offer

29 August 2017  |  5419 views  |  0 comments | 1 linkedin

Urban FT says that struggling remote deposit capture vendor Digiliti Money has turned down a takeover offer.

VocaLink and BancTec win UK cheque clearing mandate
Retail banking

VocaLink and BancTec win UK cheque clearing mandate

30 March 2017  |  9162 views  |  23 comments | 7 tweets | 10 linkedin

VocaLink and BancTec have won the mandate to build and run the infrastructure for a new industry-wide image-based cheque clearing system in the UK.

UK to roll out image-based cheque clearing system
Mobile & online

UK to roll out image-based cheque clearing system

22 March 2017  |  10668 views  |  10 comments | 21 tweets | 45 linkedin

The UK is to roll out an image-based cheque clearing system in October that will slash processing times from six 'weekdays' to one day and pave the way for the introduction of interbank mobile cheque deposits.

iPSL to shed half its workforce as digital imaging hits cheque processing
Retail banking

iPSL to shed half its workforce as digital imaging hits cheque processing

08 November 2016  |  5059 views  |  0 comments | 6 tweets | 6 linkedin

UK cheque processing firm Intelligent Processing Solutions Ltd (iPSL) is planning to close seven sites across the country resulting in approximately 600 job losses.

Fed hands IBM contract to modernise ACH platform
Retail banking

Fed hands IBM contract to modernise ACH platform

14 January 2016  |  6196 views  |  1 comments | 15 tweets | 11 linkedin

IBM has won a tender to modernise the Federal Reserve's ACH platform, which processes up to 100 million transactions per day and half of all US payments.

US mobile cheque deposit takeup stutters
Retail banking

US mobile cheque deposit takeup stutters

26 August 2015  |  7522 views  |  0 comments | 9 tweets | 7 linkedin

Despite the prevalence of cheques in the US, the vast majority of people still do not deposit them using their mobile phones, research from the American Bankers Association shows.

Barclays extends cheque imaging to Android phones and iPads
Retail banking

Barclays extends cheque imaging to Android phones and iPads

02 July 2015  |  7157 views  |  3 comments | 13 tweets | 11 linkedin

Barclays is to roll out its mobile cheque imaging service to Android phones and iPad users, bringing the service within reach of one million more customers.

Canada's D+H agrees $1.25bn Fundtech acquisition
Risk & regulation

Canada's D+H agrees $1.25bn Fundtech acquisition

31 March 2015  |  10059 views  |  0 comments | 5 tweets | 21 linkedin

Canadian financial technology firm D+H is to buy transaction banking vendor Fundtech for $1.25 billion in cash, subject to regulatory approvals.

US mobile banking on the rise - Fed study
Mobile & online

US mobile banking on the rise - Fed study

27 March 2015  |  11488 views  |  0 comments | 17 tweets | 17 linkedin

Nearly 40% of banked Americans that have mobile phones now use their handsets to access their accounts, according to research from the Federal Reserve Board.

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