Digital Check, TALL Group to Host 5th Annual Cheque Imaging Conference
DIGITAL CHECK AND THE TALL GROUP OF COMPANIES TO HOST 5TH ANNUAL CHEQUE IMAGING CONFERENCEIN LONDON
Digital Check Corp. and the TALL Group of Companies, together will host their fifth annual conference on the state of cheque imaging and truncation. The one-day event will be held in Stationer’s Hall, City of London on 3rd October and will cover a variety of subjects, including document digitisation, fraud prevention, image quality, and the general state of the UK cheque clearing system since the truncation initiative was introduced in 2012. The event is open to financial institutions and large business processors of cheques throughout the country.
This year’s agenda features a special focus on truncation in remote deposit capture (RDC), mobile remote deposit capture (mRDC), and corporate capture, in addition to its slate of operations-related sessions.
“Cheque truncation in the UK has evolved to include many new use cases and opportunities for greater efficiency,” said Alex Trombetta, Digital Check’s vice president for international sales and the event’s co-host. “Digital Check and the TALL Group of Companies have been present from the outset, helping to educate the industry and give banks a running start with image capture technology.”
Originally introduced in a 2012 mandate by the government, cheque truncation went live in late 2017. Since then, it has virtually eliminated all exchange of paper cheques between banks, and has lowered cheque clearing times substantially. More than 200 million cheques are expected to pass through the new electronic clearing system per year.
Martin Ruda, Managing Director, The TALL Group of Companies, said, “ Since our first event in 2015, the cheque clearing system in the UK has transitioned from a mere idea into a fully realised payments system producing tangible benefits and cost savings per day.
As its capabilities continue to evolve, the TALL Group and Digital Check are ready to help guide our current and prospective clients and partners to take full advantage of them”, he added.
Please email firstname.lastname@example.org or call 01455 623701 to register a place. Alternatively, visit our Eventbrite registration page at https://www.eventbrite.co.uk/e/5th-annual-cheque-imaging-conference-tickets-60804166900
The TALL Group Strengthens Relationship with Handelsbanken
The TALL Group of Companies, the UK leader in the provision of secure paper and electronic payment solutions, has further extended its long-standing partnership with Handelsbanken after securing an initial three-year contract with the leading financial organisation for the provision of cheque books.
Under the terms of the agreement, the Group’s Lisburn-based subsidiary DLRT Ltd will print and personalise cheque and credit books for the bank’s customers, which incorporate a range of sophisticated security features designed to help prevent fraudulent activity, including a Unique Coded Number (UCN).
The UCN is applied to the cheque as part of the personalisation printing process. It works in combination with the MICR (magnetic code line) and is created as an arrangement of digits, characters and symbols that can be decrypted by certified personnel using a ‘secret key’. UCN is just one of a range of Image Survivable Features (ISF’s) designed and developed by The TALL Group as part of its cheque printing solutions, in order to provide effective fraud prevention following the first phase rollout of the new Image Clearing System (ICS) in October 2017.
The most recent contract builds on an existing relationship between Handelsbanken and The TALL Group’s Hinckley-based company Checkprint. The bank continues to deploy the Checkprint Banking Assistant solution to benefit from increased control and visibility over how it manages a significant number of incoming cheques. Moving forwards, Banking Assistant will now incorporate innovative cheque validation software to capture the UCN from incoming cheques before authenticating the items.
The new printing contract was secured following a rigorous review and testing process, with The TALL Group also putting in place a complete cross-site contingency plan for the fulfilment of all forecasted orders.
Martin Ruda, Group Managing Director of The TALL Group of Companies, said: “We are proud to strengthen our relationship with Handelsbanken who will now deploy a range of services and solutions from our dynamic and innovative portfolio. It is positive to see the bank commit to incremental fraud prevention features to further protect itself and its customers in light of the introduction of ICS.”