Using a combination of Barclays DirectCheque and ImagePay, this enables customers issuing large numbers of cheques to outsource the entire cheque issuing and reconciliation process to the bank. Barclays DirectCheque handles the secure storage, printing and mailing of cheques, whilst ImagePay matches the cheques as they are presented through the clearing system against the original electronic DirectCheque file. The matching process is complete by 7 a.m. on the day the cheque is presented to a customer account, enabling fast reconciliation and integration with account payable ledgers. When a match is made, the cheque is paid, but this can be reversed by customers using the on-line, automated stop cheque facility before the cheque is finally paid to the account.
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.
Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.