Checkprint awarded five-year contract for cheques and banking services - Global Banking & Finance Review
Checkprint has secured a five-year contract extension with Nationwide to provide branch cheques and credit books, enhancing banking services across the UK.
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CHECKPRINT AWARDED NEW FIVE-YEAR NATIONWIDE CONTRACT

Published by Gbaf News

Posted on April 24, 2014

2 min read
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Checkprint Secures Nationwide Contract Extension

Checkprint, part of the TALL Group of Companies, the UK leader in the provision of secure paper and payment solutions, has been awarded a five-year contract extension by Nationwide Group to provide branch cheques and credit books.

Record Cheque Delivery Performance in 2013

During 2013, Checkprint delivered almost 2.3 million cheques, the equivalent of 78,283 chequebooks, to the Group’s  branches across the UK. These cheques can be issued to customers who do not have a chequebook facility as part of their account, for instance a savings account.

Martin Ruda

Martin Ruda

Customer Auto Replenishment Service Continues

As part of the agreement, Nationwide will continue to use Checkprint’s Customer Auto Replenishment Service (CARS), which automatically manages stock levels to ensure branches do not run out of cheques.

Additional Services for Mortgage Customers

Checkprint will also manage, produce and deliver cheques to Nationwide customers who are entitled to a one-off cash back payment on the completion of their mortgage. In addition, the company will also create and dispatch Nationwide telephone banking cards to customers registering for the service.

Leadership Comments on the Partnership

Martin Ruda, Managing Director, Checkprint, said: “Checkprint has developed a strong working partnership with Nationwide which spans more than seventeen and we are delighted to further extend this relationship with one of the UK’s most recognisable brands. As a company, Checkprint continues to innovate in order to provide the industry with the most up-to-date solutions whilst delivering exceptional value to our customers. This is a key factor behind the contract extension and the company’s ongoing success.”

Paul Horlock, Head of Payments and Service Strategy Payments, Nationwide, said: “Nationwide is the world’s largest building society and we are proud to say we have the best customer satisfaction levels amongst our high street competitors. Checkprint has provided Nationwide with a number of valuable services during the last seventeen years, which has helped us to maintain our position as the market leader. Therefore, it was a logical choice to extend our partnership for another five years.”

Key Takeaways

  • Checkprint (TALL Group) secured a five-year contract extension from Nationwide Group to supply branch cheques and credit books.
  • In 2013, Checkprint delivered nearly 2.3 million cheques (approx. 78,283 chequebooks) to Nationwide branches across the UK.
  • The agreement includes continuation of the Customer Auto Replenishment Service (CARS) to automatically manage cheque stock levels.
  • Checkprint will also handle cheques for one-off cashback mortgage completions and issue telephone banking cards for new registrations.
  • The partnership spans over seventeen years, reflecting strong prior collaboration between Checkprint and Nationwide.

References

Frequently Asked Questions

Who awarded the contract to Checkprint?
Nationwide Group awarded the five‑year extension to Checkprint.
What services will Checkprint provide under the extension?
They will supply branch cheques, credit books, manage auto‑replenishment of stock via CARS, issue mortgage cashback cheques, and dispatch telephone banking cards.
How many cheques did Checkprint deliver during 2013?
They delivered almost 2.3 million cheques, equivalent to about 78,283 chequebooks.
How long have Checkprint and Nationwide been working together?
They have maintained a working relationship for over seventeen years.

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