Last year 1.1 billion cheques were issued, 620 million were personal cheques and 493 million were made out by businesses.
Back in June I wrote about the cessation of the cheque guarantee scheme and the U-turn the Payments Council had taken in relation to cheques. It was genuinely feared that cheques and cheque printing would be phased out by 2018 and be replaced with?
With what?
Last week I was delighted to hear and read that the Payments Council is now reviewing the re-introduction of the cheque guarantee scheme this is where cheques to the value of £50.00 and £100.00 are honoured by the Bank.
Although chip and pin is very much part and parcel of our everyday lives we still have the problem of writing personal cheques for things like school trips, book clubs, subscriptions or pay the domestic plumber.
Cheque printing is still an integral part of many businesses?
Many companies will pay their suppliers via BACs but there are local government departments and educational institutions who by outsourcing cheques and payments will generate manual cheques and they are an important component in their payment stream.
But what if making payments by cheque and electronic means is becoming… well a bit of pain..
Using an electronic & Cheque payment solution/Payments Bureau will save you time and money. A service that prints and personalises cheques including the signatory all in one pass to APACS and C&CCC (Cheque & Credit Clearing Company)
Printing and personalising cheques can be a costly exercise and also a security issue!
Using an end to end service affords flexible credit and cheque outsourcing and fulfilment that satisfies the following:-
- outsourced cheque printing & mailing
- outsourced credit printing & mailing
- no minimum or maximum data quantity
- no specific file format required
- Bacs
- Faster Payments
- Cheques
- Direct Debit
- Remittances
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