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. “Customers can now easily access digital payments through our app, which is available on Android or iOS,” said CICC CEO David McMahon. 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.
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.