Payments News - A Look At Cheque Imaging In Canada
The Canadian Payments Association has posted a new set of questions and answers about cheque imaging in Canada. Unlike the voluntary exchange of check images enabled by Check 21 in the US, the CPA notes that its imaging initiative is “designed as an industry-wide transition to image-based clearing, with all CPA members participating and exchanging cheque images.” Implementation of the new clearing process is targeted to begin in 2008 and to be phased in over approximately a year…. Read more…
Payments News from Glenbrook Partners - www.paymentsnews.com
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