Hi-tech future for cheque payments

Press Association
Hi-tech future for cheque payments
Hi-tech future for cheque payments

People will be able to pay in a cheque by sending a smartphone image of it to their bank under Government proposals to bolster the long-term future of the payment method.

The Government described cheques as a "crucial" part of the British payments landscape and plans to bring them into the modern age could cut the length of time it takes to process a cheque payment from six days currently to just two days.

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