12 December 2017
visit http://response.ncr.com

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

08 November 2016  |  5355 views  |  0 cheque

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

Staff have been informed that iPSL will be scaling back its operations to just two sites in Northampton and Milton Keynes, shuttering offices at Bootle, Bradford, Copley, Edinburgh Tweed House, Chelmsford, Clydebank and Camberley in 2018

The proposal, which has yet to be signed off by the Board, will leave a workforce of just over 700 at iPSL which handles around 80% of cheques issued in the UK each year.

Labour union Unite branded the closures as "tragic" and railed against the increasing tide of digital transformation across the financial service sector.

"The changing face of cheque processing, with new digital imaging, has brought considerable difficulties for this industry," says Dominic Hook, Unite national officer. "Unite wants to now see iPSL make the necessary investment through new technology to secure as many jobs as is possible."

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

UK contactless card use overtakes cheques

UK contactless card use overtakes cheques

01 September 2016  |  10111 views  |  1 comments | 20 tweets | 28 linkedin
Barclays extends cheque imaging to Android phones and iPads

Barclays extends cheque imaging to Android phones and iPads

02 July 2015  |  7285 views  |  3 comments | 13 tweets | 11 linkedin
Moving from cheques to mortgages, Barclays to accept photos of customer documents

Moving from cheques to mortgages, Barclays to accept photos of customer documents

19 January 2015  |  11363 views  |  1 comments | 12 tweets | 17 linkedin
Lloyds to pilot mobile cheque deposits with business customers

Lloyds to pilot mobile cheque deposits with business customers

12 December 2014  |  16329 views  |  2 comments | 15 tweets | 14 linkedin
Cheque usage declines sharply, but popularity remains intact

Cheque usage declines sharply, but popularity remains intact

12 December 2014  |  9359 views  |  6 comments | 17 tweets | 11 linkedin
Barclays extends cheque imaging pilot to one million customers

Barclays extends cheque imaging pilot to one million customers

05 December 2014  |  23458 views  |  3 comments | 14 tweets | 18 linkedin
UK govt clears way for mobile cheque deposits

UK govt clears way for mobile cheque deposits

25 June 2014  |  11309 views  |  9 comments | 21 tweets | 21 linkedin

Related blogs

Create a blog about this story (membership required)
visit www.solutions.lexisnexis.comvisit www.atos.netvisit www.response.ncr.com

Top topics

Most viewed Most shared
Revolut lets customers buy Bitcoin, Litecoin and EthereumRevolut lets customers buy Bitcoin, Liteco...
18960 views comments | 26 tweets | 22 linkedin
Saxo Bank's 'Outrageous Prediction': Bitcoin to peak at $60k next year before spectacular crashSaxo Bank's 'Outrageous Prediction': Bitco...
11741 views comments | 7 tweets | 7 linkedin
Deutsche Bank paper hails 'huge' blockchain potentialDeutsche Bank paper hails 'huge' blockchai...
8533 views comments | 15 tweets | 21 linkedin
Santander UK poaches Barclays innovation chief Michael HarteSantander UK poaches Barclays innovation c...
7023 views comments | 8 tweets | 17 linkedin
Alior Bank to use Open API platform and accelerator to create fintech marketplaceAlior Bank to use Open API platform and ac...
6597 views comments | 19 tweets | 11 linkedin

Featured job

Competitive base, commission, benefits
London, UK

Find your next job