The TALL Group of Companies, the UK leader in the provision of secure print and payment solutions, has launched an informative website designed to educate businesses on cheque imaging and remote deposit capture.
www.remotedeposit.co.uk has been created in conjunction with TALL Group partner Digital Check and provides a valuable online resource ahead of the introduction of image-based cheque clearing in the UK next year.
Recent TALL Group research revealed that 68% of its customers were unaware of the introduction of image-based cheque clearing, for which the legislative basis is included in The Small Business, Enterprise and Employment Bill, which received Royal Assent on 26 March. The dedicated website explains cheque imaging and remote deposit capture, and the impact it will have upon different businesses. www.remotedeposit.co.uk also acts as an information hub, sharing the latest news on the subject as well as providing a number of useful resources, including white papers and case studies from the UK and internationally.
By the end of July 2016, the cheque clearing industry is committed to exchanging some cheque images and data, in lieu of the actual paper cheque, as the first stage of changes enabled by the new legislation. By the end of October 2017, all banks will be required to clear cheques on the image and data files alone, and no further paper cheques will be exchanged between banks in achieving the clearing process.
Martin Ruda, Managing Director of The TALL Group of Companies, said: “For many years, the TALL Group and Digital Check have worked together to provide cheque scanners and remote deposit capture technology to the financial industry in the UK and internationally. This new website pools together the extensive knowledge and expertise of the two companies to provide a comprehensive resource for any organisation investigating cheque scanning or remote deposit capture.”