Cheque printing. Why cheques are still good for business?

Caroline — Mon, 28 Nov 2011 08:00:17 +0000

Last year 1.1 billion cheques were issued, 620 million were personal cheques and 493 million were made out by businesses.

Back in June I wrote about the cessation of the cheque guarantee scheme and the U-turn the Payments Council had taken in relation to cheques. It was genuinely feared that cheques and cheque printing would be phased out by 2018 and be replaced with?

With what?

Last week I was delighted to hear and read that the Payments Council is now reviewing the re-introduction of the cheque guarantee scheme this is where cheques to the value of £50.00 and £100.00 are honoured by the Bank.

Although chip and pin is very much part and parcel of our everyday lives we still have the problem of writing personal cheques for things like school trips, book clubs, subscriptions or pay the domestic plumber.

Cheque printing is still an integral part of many businesses?

Many companies will pay their suppliers via BACs but there are local government departments and educational institutions who by outsourcing cheques and payments will generate manual cheques and they are an important component in their payment stream.

But what if making payments by cheque and electronic means is becoming… well a bit of pain..

Using an electronic & Cheque payment solution/Payments Bureau will save you time and money. A service that prints and personalises cheques including the signatory all in one pass to APACS and C&CCC (Cheque & Credit Clearing Company)

Printing and personalising cheques can be a costly exercise and also a security issue!

Using an end to end service affords flexible credit and cheque outsourcing and fulfilment that satisfies the following:-

outsourced cheque printing & mailing
outsourced credit printing & mailing
no minimum or maximum data quantity
no specific file format required

Using a Payment Bureau service gives flexibility to outsource regular and one off payments and can be used for:

Bacs
Faster Payments
Cheques
Direct Debit
Remittances

The automation of payments and collections can be administered without costly software.

A payments bureau is ideal for combining cheque and electronic transactions from one secure payments file and in the event of your system failing ensures that all your important payments and collections are made on time.

Cheques and cheque printing along with Bacs payments can work effectively.

So before we say good bye to the cheque book forever spare a thought for the importance it still retains in our everyday lives.

For all your cheque and payment processing drop Digital Print Management a request to call and we can discuss the best and most cost effective solution for processing your payment!

You can follow us on twitter, facebook and Pinterest. Connect with us on Linkedin and Google+ for all our updates which we hope are educational and informative.

The post Cheque printing. Why cheques are still good for business? appeared first on Digital Print Management.

Cheque Book Archives - Digital Print Management

Cheque printing. Why cheques are still good for business?

But what if making payments by cheque and electronic means is becoming… well a bit of pain..

You can follow us on twitter, facebook and Pinterest. Connect with us on Linkedin and Google+ for all our updates which we hope are educational and informative.