The UK government will begin consultations early this year on legislation that would allow smartphones to be used for remote cheque deposits, according to reports.
The Treasury has proposed enabling UK banks to process cheque images, which would do away with a requirement that banks must physically receive a paper cheque. Remote cheque depositing should cut the typical processing time from six to two days, the Treasury said.
reported that Barclays plans to begin pilot trials of remote cheque deposit technology early this year. “When you can download a book or a film in seconds, we believe you should be able to deposit a cheque in the same way,” said Steven Roberts, managing director at Barclays.
On the second day of this year's AFP conference Trump's potential tax reform, using synthetic debt and the expected benefits of SWIFT GPI were all hotly discussed topics.
Today CGI and GTNews have announced the launch of the fifth annual Transaction Banking survey report, which offers which offers critical insight into the corporate-to-bank relationship.
On-Demand Treasury Management Solutions continue to gain increased adoption in the US and EMEA regions.
Treasurers are being expected to do more work with fewer resources than ever before, so it is little wonder that the automation of day-to-day operations was highly discussed on the second day of EuroFinance, the annual treasury event held in Barcelona this week.