Secure outsourcing option for the production of your business cheque requirements.
With the continued rise of digital payment methods, the demand and usage of cheques is no doubt declining. However, making digital payments when bank account details are not available can create problems. Organisations making payments such as remediation or one-off payments are faced with the issue of those who don’t have a bank account or they are not in possession of bank details. For many a cheque can be the only form of payment capable of being processed and so they remain an important and secure way of paying someone.
The introduction of cheque imaging has helped offset the shrinking bank branch networks so businesses can process cheques without having to go to the local branch. This ability to image a cheque is not without its complications though. Where previously banks would have seen the physical cheque and be able to assess whether it was a genuine document or that it had not been fraudulently altered, the new clearing system now deals with just an image of the cheque.
In order to stay one step ahead of fraudsters, the addition of bank-mandated Image Survivable Features (ISFs), codes and marks that remain as part of the image and can be used to check the actual cheque content. This has helped to reduce the levels of cheque fraud so that cheques still remain one of the safest forms of payment.
The cost of running an internal finance department that produces limited numbers of cheques either on a regular or ad hoc basis can place a strain on company finances. In addition, amendments to existing cheque stock with the addition of bank-mandated ISFs can be an issue for internal teams. High street banks are now setting dates after which cheques will no longer be processed without these fraud prevention features added. Amending existing cheque stock to accommodate these features can be challenging. Under current UK cheque printing regulations, cheque layouts and personalisation can only be produced by approved accredited cheque printers.
Using internal resources to make regular or ad hoc cheque payments is arduous, costly and time consuming.
Labour cost and effort in times of high payment numbers restricts scale and capacity.
Strict regulations surrounding cheque base stock printing and personalisation.
Cost of installing or maintaining internal cheque printing equipment
From regular to ad-hoc cheque payments, we have you covered.
We provide a comprehensive cheque print bureau solution.
Our Send-A-Cheque™ service takes away the burden of producing cheques internally freeing up time and resources.
Without restriction on volumes, we take your cheque data and offer you a choice of either printing the cheques and sending them back to you, or printing the cheques and mailing them out on your behalf. We can even add bank-mandated ISFs to provide added protection from cheque fraud.
The Send-A-Cheque™ service can be easily accessed on a regular basis, for normal, contingency, disaster recovery or any ad-hoc situations that present themselves.
Send-A-Cheque™ allows you to outsource securely printed infilled and signed business cheques without having to purchase and administer your own cheque printing software.
In addition, we can save you time and reduce cost, with no capital investment in cheque infilling equipment, where relatively low volumes of cheques are required for small business printing solutions. You will have the peace of mind that your businesses cheques will be managed and printed by an experienced team, on time, securely and trouble free.
The Send-A-Cheque™ service has the added advantage that cheque payments can still be made to individuals even when you do not have their bank account details to process direct payments but do have their mailing address. We can simply print and mail cheques to individuals from your supplied client data as required.
Our clients know they can rely on our print capability to handle any changes in volumes or industry needs in the future, whilst delivering real efficiency and added value.
Cheques printed and mailed in a two-day cycle.
Regular or ad-hoc payment runs in varying amounts can be processed.
As quick and easy as making digital payments but with the added security that cheques bring.
Services at cost per cheque provide clear budgeting.
Robust and secure payment processing technology is already in-house as well as a team of experienced and knowledgeable staff.
Bank recommended ISFs can be added to all cheques produced to prevent cheque fraud.
Flexible and scalable to keep up with your business growth and development.
Once set-up, simply send your cheque data and we do the rest.It really is that straightforward.
Enhanced cheque fraud protection with added bank-mandated ISFs.
Significantly reduced costs when compared to existing in-house printing solutions costs.
Send out customer payments efficiently, even when you only have an address and no bank details.
Removes costly, repetitive tasks, enabling your team to focus on R&D and stay motivated.
Mailroom management and digitisation of all inbound customer communication for onward distribution, upload to online portals or relevant processing duties
Data extraction and validation of invoices (digital or paper)
Multiple payment channels allocated to appropriate customer accounts through automated or manual activities
Want to find out more? We would be happy to discuss your organisation’s challenges and how Parseq’s outsourced cheque printing solutions could quickly provide you with real value.