Connect with us

Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website. .

Top Stories

MCCOLL’S MODERNISES CHEQUEPRODUCTION WITH CHECKPRINT

MCCOLL’S MODERNISES CHEQUEPRODUCTION WITH CHECKPRINT

McColl’s Retail Group has modernised its cheque production process by further strengthening its partnership with Checkprint, part of The TALL Group of Companies, the UK leader in the provision of secure paper and payment solutions. The organisation has been able to increase efficiency across its payments operation by deploying the CheckPrint Solution.

 As the UK’s leading community retailer, McColl’s operates 1,370 convenience and newsagent stores across the country and has a requirement to issue around 1,000 cheques per month from its headquarters in Brentwood, Essex. The company was previously using an end-of-life dot matrix system to print its cheques, however when the company decided to upgrade its internal back end systems, they also took the opportunity to acquire a more suitable cheque printing solution that offered a greater level of functionality.

 After using Checkprint for the supply of cheque stationary since 1996 and being extremely satisfied with the high levels of service provided during that 21-year relationship, McColl’s chose to deploy the CheckPrint Solution to fulfil its printing requirements.

 The CheckPrint Solution is a highly secure, flexible, modular system that is designed to fit the exact requirements of any business. It allows businesses to print cheques or bank giro credits in conjunction with Pira Grade 1 approved MICR (Magnetic Ink Character Recognition) printers. The CheckPrint Solution accommodates a changing number of cheques, creates files for electronic payments, and can send remittance advice or statements on demand via email, fax, print or SMS. The product offers robust data security at every stage, total control for payment authorisation, and comprehensive reporting and auditing.

McColl’s has also been able to benefit from the CheckPrint Solution’s remote access authorisation, which allows directors to approve a batch of cheques whilst working off site. This level of automation includes the ability to add digital signatures to the documents. In addition, the CheckPrint Solution can be used to produce manual cheques, removing the need to store and manage less secure manual chequebooks.

 Simon Richer, Treasury & Accounts Payable Manager at McColl’s Retail Group, said: “The CheckPrint Solution is an innovative product that has significantly upgraded our internal cheque production processes, streamlined activity, and allowed us to make substantial time and cost savings.”

 Martin Ruda, Managing Director, The TALL Group of Companies, said: “The high level of functionality built into the CheckPrint Solution ensures that it is the perfect product for any company that is looking to drive efficiencies across its payments operation.”

Global Banking & Finance Review

 

Why waste money on news and opinions when you can access them for free?

Take advantage of our newsletter subscription and stay informed on the go!


By submitting this form, you are consenting to receive marketing emails from: Global Banking & Finance Review │ Banking │ Finance │ Technology. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

Recent Post