+44 (0)1924 917 245

  • Name*
    Required!
  • Email*
    Email required!
  • Tel
    Invalid Input
  • Comments
    Invalid Input

  • Re-type the code!
  • I would like to receive news and updates from Hague Print
    Invalid Input
  •  

    Blog

    02 Jun 2017
    Tags

    Will cheque imaging eradicate cheque fraud?

    New technology means that banking customers will have the option to pay a cheque in via an app on their smartphones or iPads. The introduction of this technology, known as “cheque imaging” creates many benefits for both banks and consumers, and will ensure cheques remain a popular payment option. Here we will talk you through a couple of the benefits, including combatting cheque fraud and speedier clearing times.

    How can cheque imaging combat cheque fraud?

    Currently there are many issues that threaten those still using paper cheques. Despite being one of the most popular payment forms, cheques still pose certain risks and cheque fraud is always a concern. However, by speeding up the time between a cheque being written and paid into an account, cheque fraud can be reduced as there is less time for fraudsters to act. Additionally, opening up a direct route between the bank and consumer allows the bank to quickly contact the consumer if they suspect something is not entirely right.

    Less time lag reduces issues

    As previously mentioned, reducing the time lag between the cheque being created and cleared can combat opportunities for cheque fraud. It also means less handling time which can result in less chance that the cheque could get lost in transit between banks, reducing the risk of human error.

    Reviving cheque payments

    Cheque payments have fallen out of favour with the younger generation, most of whom prefer to do their banking digitally. There are also those that live rurally and don’t have easy access to a bank, so they prefer not to use cheques. Cheque imaging will once again open up cheque payments to these markets, reviving the payment form and resulting in more people ordering cheque books again.

    Cheque imaging will be rolled out by UK banks starting 30th October, with all major banks looking to have it in place by the second half of 2018. It will mean that cheque users will see their cheques cleared within a single working day as opposed to the current six working days it can potentially take. The system will enable people to cash cheques between banks, i.e. even if they hold accounts in different banks, and means that cheques will once again be considered a modern payment form.

    With the inevitable increase in cheque use, you could find yourself once again using cheques more regularly. If this is something you foresee for your business and think you may need help coping with the new demand, then get in touch and find out how we can help. All of our cheque printing meets strict C&CCC requirements, so you can feel confident when choosing us as your cheque printing partner.

    For more information about our cheque printing software - CLICK HERE

     

    Tweets

    HaguePrintUK Top Tip 2: Set a #budget: Always consider how much you want to spend on the #venue, #entertainment, #catering & dri… https://t.co/Yz3VGOSAOa
    4hreplyretweetfavorite
    HaguePrintUK Higher Education Degree Datacheck (HEDD) is the UK’s official system for certificate verification & university auth… https://t.co/0RSGSzmuEa
    6hreplyretweetfavorite
    HaguePrintUK @HaguePrintUK will be taking part in the #Official #ChristmasJumperDay on 15th December to raise money for… https://t.co/JfSxmBZFsu
    6hreplyretweetfavorite
    HaguePrintUK Protect your #brand from #counterfeits that damage #Revenue, #Consumer confidence & compromises #HealthandSafetyhttps://t.co/pz4lRZ5Y0F
    6hreplyretweetfavorite
    HaguePrintUK Tip 5 - Quickly access #data recorded from #barcodelabels, enabling you to make informed decisions, ultimately savi… https://t.co/MBRYnzlhlf
    8hreplyretweetfavorite
    HaguePrintUK Before online brokers, holding the physical version of a #sharecertificate was crucial as they were the only way to… https://t.co/xUSpIU6nFg
    10hreplyretweetfavorite
    HaguePrintUK Visit our recent #News post to find out about @HagueAustralia 's expansion & new offices! https://t.co/PH1eAdIj6Hhttps://t.co/V7pdokIOJ7
    10hreplyretweetfavorite
    HaguePrintUK Product packaging is a practical tool for transporting and protecting a product. But more than that, it’s a way to… https://t.co/5cQxRcR8fB
    HaguePrintUK Top Tip 1: Make it a date: Before #eventplanning, you should #pickyourdate, decide on your attendees, and choose yo… https://t.co/lsuo6EyYx3
    HaguePrintUK Visit our recent #News post to find out about @HagueAustralia 's expansion & new offices! https://t.co/PH1eAdIj6Hhttps://t.co/JkeTFsp5YJ
    HaguePrintUK #Certificateprintfraud is an ongoing problem, so the best we can do is educate ourselves about how to spot fraudule… https://t.co/17WWUG7kH8
    HaguePrintUK Tip 4 - Control inventory: #Barcodelabels are the easiest & most precise way to #track #inventory levels. You can p… https://t.co/foV0MfHBag
    HaguePrintUK Do you want to find out more about how Hague can help you to design stock certificates should you need to distribut… https://t.co/DzFtRjA7SM
    HaguePrintUK Tip 3 - Best way to record data: When it comes to recording & analysing data, barcode labels are the quickest & mos… https://t.co/mvL13JyviE
    HaguePrintUK If you need help designing your product packaging, speak to a professional designer in our in-house team who can ad… https://t.co/kYD3JaJPzf
    HaguePrintUK Read our #blogpost to find out our simple steps you should take to plan a #corporateevent for your #business.… https://t.co/VdH1ZXNosk
    HaguePrintUK Tip 2 - A cost-effective & versatile material: #Barcodelabels are both affordable & straightforward to #design &… https://t.co/IX1kbPF2zp
    HaguePrintUK Custom #ticketprinting is one way to invite attendees and to generate some hype and interest about your upcoming… https://t.co/C6MxQ5pkfs
    HaguePrintUK our in-house design team can help you to create striking designs that make your #stockcertificates a truly special… https://t.co/WSK7y4PdiT
    HaguePrintUK You are very welcome. We are very happy you like them! Hope to continue doing business with you in the future.… https://t.co/6Wdm40GI0o
    HaguePrintUK Do style research before #designing your #packaging so that you find a look and feel that best reflects your… https://t.co/noWLg53Ya1
    HaguePrintUK @HaguePrintUK will be taking part in the #Official #ChristmasJumperDay on 15th December to raise money for… https://t.co/Y2zpKAbBT9
    HaguePrintUK We will be taking part in the Official #Christmas #JumperDay on 15th December! @SaveChildrenUK #ChristmasJumperDayhttps://t.co/oUhA5GCccy
    HaguePrintUK Professional #printcompanies always use the latest #software which means you get access to the newest… https://t.co/wkUrYjvPHY
    HaguePrintUK Tip 1 - Avoid the risk of #humanerrors: #Barcodelabels are the most efficient & reliable way to remove any space fo… https://t.co/OlrOQIVOCA
    HaguePrintUK #Employees are what make a #successfulcompany, which makes them your most valuable #asset. https://t.co/virMZtKOEUhttps://t.co/ERSESXmIai

    Hague supplies the most comprehensive range of brand protection and secure printing solutions available in the market today

    The Latest

    More