Digital Check and the TALL Group of Companies to host 5th Annual cheque imaging conference
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.
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