25 March 2017
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Latest cheque imaging news

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

UK to roll out image-based cheque clearing system

22 March 2017  |  5754 views  |  9 comments | 17 tweets | 40 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  |  4102 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
Payments

Fed hands IBM contract to modernise ACH platform

14 January 2016  |  5852 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
Mobile & online

US mobile cheque deposit takeup stutters

26 August 2015  |  7153 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
Payments

Barclays extends cheque imaging to Android phones and iPads

02 July 2015  |  6635 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  |  9609 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
Payments

US mobile banking on the rise - Fed study

27 March 2015  |  11159 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.

Lloyds to pilot mobile cheque deposits with business customers
Mobile & online

Lloyds to pilot mobile cheque deposits with business customers

12 December 2014  |  15772 views  |  2 comments | 15 tweets | 14 linkedin

Lloyds Bank is to begin testing mobile cheque deposits with a select group of commercial customers.

Barclays extends cheque imaging pilot to one million customers
Mobile & online

Barclays extends cheque imaging pilot to one million customers

05 December 2014  |  22606 views  |  3 comments | 14 tweets | 18 linkedin

Ahead of Christmas, Barclays is giving one million customers the ability to pay in cheques remotely by taking photographs with their phones.

USAA and Mitek settle cheque imaging lawsuit
Payments

USAA and Mitek settle cheque imaging lawsuit

05 September 2014  |  5128 views  |  0 comments | 2 tweets | 1 linkedin

Online army bank USAA and mobile cheque imaging outfit Mitek Systems have settled a lawsuit that has been running since 2012.

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