Barclays will introduce a platform that enables users to pay cheques by uploading a photograph of the cheque to their mobile banking app. The technology will go live with a number of banks and building societies from 30 October, with others launching the service in the second half of 2018. C&CCC's platform will reduce cheque-clearing times from six working days to the next working day. In 2014, The Cheque and Credit Clearing Company (C&CCC) began to trial a mobile cheque imaging scheme for cheques of up to £500 ($629) and now has 175,000 people signed up to the service.
The Cheque and Credit Clearing Company (C&CCC) will introduce a platform that enables users to pay cheques by uploading a photograph of the cheque to their mobile banking app. The technology will go live with a number of banks and building societies from 30 October, with others launching the service in the second half of 2018. C&CCC's platform will reduce cheque-clearing times from six working days to the next working day. In 2014, Barclays began to trial a mobile cheque imaging scheme for cheques of up to £500 ($629) and now has 175,000 people signed up to the service.