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Changing technology for cheques – new consultation…
11th March 2014
Following the defeat of the proposal to abolish cheques the government is again consulting on the way forward to bring cheque technology up to date.
HM Treasury propose the introduction of ‘cheque imaging’ with cheque being paid into a bank by the recipient by taking a picture of the cheque. Charities are amongst the strongest opponents to the abolition of cheques by 2018, proposed by the Payments Council in 2009. £840bn worth of cheques were processed in 2012 and they comprise a significant proportion of income for small charities. You can contribute to the debate here. (https://www.gov.uk/government/consultations/speeding-up-cheque-payments-legislating-for-cheque-imaging/speeding-up-cheque-payments-legislating-for-cheque-imaging)
(http://www.civilsociety.co.uk/finance/news/content/17092/treasury_consults_on_new_technology_for_cheques)
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