KeyBank has allied with North American printing firm Moore Wallace to provide cheque outsourcing services for corporate clients.
Key says clients that opt for the service will benefit from added security; reduced paper, postage and handling costs; and access to the latest developments in cheque production to counter fraud. The service will also elminate the need for upgrading and maintaining costly printing kit.
Jim Matousek, CTP, product manager, KeyBank global treasury management, comments: "As more and more organisations streamline operations to best focus on their core competencies, outsourcing becomes an attractive option."
According to Matousek, cheque outsourcing is best suited for organisations that write a minimum of 3000 cheques per month.