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Friday, December 27, 2013

Banks to accept smartphone photos of cheques

Banks to accept smartphone photos of cheques
Posted: 27 Dec 2013 12:03 AM PST
Treasury says it wants to speed up cheque payments and make it easier for businesses to use smartphone technology British banks are set to accept photos of cheques sent by smartphone, cutting the processing time from six to two days, the Treasury said on Thursday – but it insisted that this was not the next step in phasing out them out entirely

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