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Treasury Backs 'Cheque Imaging', Fast Cheques by Smartphone

Back in November, I had written about Barclay’s plans to introduce a new service called ‘Cheque imaging’ in 2014. Customers in the UK will be able to simply photograph completed checks and send the image via e-mail, according to a new scheme being put forth by George Osborne (Chancellor).

The current system in UK requires all cheques to be verified by a bank staff member. This is prior to the money being credited into the user’s account. This method needs the user to either post the cheque or visit a b ...

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