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Latest cheque imaging news

UK begins roll out of cheque imaging
Retail banking

UK begins roll out of cheque imaging

30 October 2017  |  11712 views  |  12 comments | 19 tweets | 47 linkedin

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

New UK payment system operator names Paul Horlock chief exec
Risk & regulation

New UK payment system operator names Paul Horlock chief exec

27 September 2017  |  11137 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
Mobile & online

Digiliti Money rejects Urban FT takeover offer

29 August 2017  |  5571 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
Payments

VocaLink and BancTec win UK cheque clearing mandate

30 March 2017  |  9922 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
Retail banking

UK to roll out image-based cheque clearing system

22 March 2017  |  11823 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
Payments

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

08 November 2016  |  5496 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  |  6286 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
Payments

US mobile cheque deposit takeup stutters

26 August 2015  |  7685 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  |  7367 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
Transaction banking

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

31 March 2015  |  10159 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.

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