Treasury responds on cheque imaging

Treasury has published its response to its consultation on cheque imaging. It received 15 responses, and engaged with 4 other institutions. All agreed that a copy of a cheque should be made available to customers on request, and most agreed that no cheque user should be left out of pocket as a result of any loss incurred in connection with the new imaging system.

Treasury has made changes to its consultation draft of the relevant legislation as a result of responses, and the new laws will come into force 21 days after they are made.


FIN. Team