Cheque imaging is the process that enables images of paper cheques to be exchanged between banks and building societies, through the Image Clearing System, for clearing and payment. This significantly speeds up the clearing process by removing the need for the actual paper cheque to be transported physically around the country. The introduction of faster cheque clearing involved the creation of a completely new payments system. One that now offers next working day clearance of cheque payments with many banks and building societies allowing customers to access their funds earlier than this.

We have been implementing cheque imaging fulfilment services to enable organisations to take advantage of the new ICS and the opportunities to speed up clearing using Remote Deposit Capture (RDC), the process of electronically depositing a cheque into a bank account from a remote location, such as at home or in an office. This is typically done by capturing an image of the cheque using either a cheque scanner or a camera-enabled device such as a smartphone, and then transmitting that image to the bank over a secure connection in place of the original paper document.