When cash ceases to be king: the rise of innovative payment methods
Digital payment systems have seen explosive growth with many people moving away from cash.
Cheque
News, intelligence and resources on the global fintech industry including topics such as cheques.
TSB to close 70 branches across UK as digital-first banking becomes norm
Over 90% of customer transactions are now carried out digitally, the bank says.
Tinkoff adds to business ecosystem with Jump.Finance
Russian bank buys controlling stake in self-employed contractor payment automation software specialist.
JS Bank unveils Pakistan’s “first ever” digital cheque service
It allows customers to write and issue a check “instantly”.
The edge: the bridge between banks and their customers
Banking is predicted to see the biggest impact of edge computing.
South African association predicts the death of the cheque
PASA says it’s willing to help banks make the transition.
Bank of England apologises for role of former governors linked to slave trade
British taxpayers have been paying off slave owners from 1833 to 2015.
Atom Bank, iwoca, Modulr and Currencycloud get £10m BCR grant
Public commitments include new UK job.
White paper: How to drive business impact with payments
Download this free white paper to learn about how payments can improve your business.
PayTech Awards entry deadline extended!
Enter the PayTech Awards by Friday, 12 April.
Unlocking a continent of opportunity: digital and mobile transforming Africa’s business landscape
A quiet financial revolution is gathering pace across Africa – stemming from the rise of smart mobile tech.
Sibos 2018: Death of the cheque in RBA’s sights – finally
Australia’s New Payments Platform makes its mark.
Westpac stays mobile to check cheque’s death march
“Cheques are often considered a thing of the past.”
Criminals scam UK finance industry out of £500m
UK Finance reveals facts, figures and fears.
FIS sells Certegy cheque business
Certegy Check Services sold to Variant Equity Advisors.
NPSO takes charge of UK cheque clearing systems
Supported by its two new deals with the C&CCC and UKPA.
Bacs and Faster Payments transferred to New Payment System Operator
Bacs and Faster Payments process a combined £6.3 trillion worth of payments annually.
Emirates NBD goes blockchain for its “Cheque Chain”
Integrates blockchain technology into bank-issued cheques.
Urban FT takes over troubled Digiliti Money
Digiliti Money will merge into Urban FT’s affiliate, FinTech Imaging Solutions.
CYBG brings next working day cheque depositing to mobile banking
Clydesdale and Yorkshire Banks (CYBG), through its digital banking service B, is launching new technology in November 2017 to enable customers to pay in cheques using its mobile banking app, B.
How millennials are shaping the future of payments
For the millennial generation, paying for a latte using a contactless card, transferring money to a family member or friend online or buying a pair of trainers with “one click” has become the norm. This generation has not only shaped and driven the payments revolution, but is also playing an active role in developing a lot of the payment technologies emerging today.
The future of cross-currency payments
The landscape of cross-currency (FX) payments is taking on a whole new look – creating challenges for corporate financial managers and the need for new banking solutions.
Crosstown Civic Credit Union in digital banking tech revamp
Crosstown Civic Credit Union, a 31,000-member institution in Winnipeg, Canada, is modernising its digital banking delivery channels with Central 1 Credit Union. Crosstown Civic CU is implementing Central 1’s MemberDirect platform, provided on a hosted basis.
Financial fraud fools UK out of £769m
Impersonation and deceptive double-dealing play their mischievous part in creating massive amounts of financial fraud in the UK. According to figures from Financial Fraud Action UK (FFA UK), losses across payment cards, remote banking and cheques totalled £768.8 million in 2016, an increase of 2% on the previous year. Katy Worobec, director of FFA UK, […]
Image is everything for VocaLink and UK’s new cheque tech
VocaLink and BancTec, a part of SourceHOV, a provider of enterprise information management (EIM) and transaction processing solutions, will build the UK’s new image-based cheque clearing system. As Banking Technology reported this month, the Cheque and Credit Clearing Company (C&CCC) launched the industry-wide system to speed up processing for customers across the country. Paul Stoddart, […]
UK cheque tech goes breakneck
The Cheque and Credit Clearing Company (C&CCC) has launched an industry-wide image-based cheque clearing system to speed up processing for customers across the UK. The new system will go live with some banks and building societies from 30 October 2017. Then, at some stage in the second half of 2018, all of the UK’s banks […]
Cheques: the age of dinosaurs
There is little doubt that there is some very innovative work being carried out in the payments world. Digital technologies, including distributed ledger and artificial intelligence, are beginning to be applied to retail and corporate payments. But in the age of digital finance, a dinosaur of payments – cheques – persist.
UK cheque clearing firm iPSL to downsize locations and staff
Intelligent Processing Solutions (iPSL), a UK-based cheque clearing firm owned by Unisys, plans to close down seven of its nine locations in 2018. This puts 600 jobs at risk, according to trade union Unite.
Banking Technology November 2016 issue out now
The latest edition of our flagship magazine – Banking Technology – is out now, packed with news, analysis and insights, case studies, research and expert commentary.
Hitachi and BTMU cheque mates for blockchain digitalisation
Hitachi and the Bank of Tokyo-Mitsubishi UFJ (BTMU) have started proof of concept (PoC) testing for using blockchain in the digitalisation of cheques in Singapore. In this PoC testing, Hitachi and BTMU developed a system in which a blockchain infrastructure is used for issuing, transferring and collecting electronic cheques. BTMU issues and settles them, while […]
Jack Henry offloads Alogent product line to Battery Ventures
US-based banking software vendor, Jack Henry & Associates, is shedding its deposit automation business, Goldleaf Enterprise Payments (formerly Alogent Corporation). The buyer is Battery Ventures, a US/Israeli venture capital and private equity firm. The company is regaining is former name – Alogent. Alogent’s back office software focuses on electronically capturing, processing and analysing cheque data […]
HP Enterprise wins RBS cheque imaging contract
RBS has awarded a contract to Hewlett Packard Enterprise for the implementation of a new image-based cheque clearing service in response to UK regulatory changes that require all cheques to be processed digitally by 2017, under HM Treasury’s Future Clearing Model.
