New Cheque Fraud Protection Technology
Communications Specialist Becomes First Firm To Use Brand New Fraud Protection Technology
Core Retail, the leading supplier of pre-paid SIMs and mobile accessories, has become the first organisation to deploy a brand-new payments tool that automatically flags and rejects counterfeit, forged and fraudulently altered cheques. UCN Plus® – patents pending – was officially launched last month by The TALL Group of Companies, the UK’s leading provider of secure electronic and paper payments solutions, and DIA Europe, providers of the Kappa cheque fraud prevention platform.
The communications specialist has a long-standing relationship with Checkprint (a member of the TALL Group of Companies) to securely print, personalise, infill and mail their cheques through the Checkprint Bureau Service. As part of the updated agreement, Checkprint will now incorporate UCN Plus® as part of its service offering to Core Retail.
UCN Plus® enables the variable payment data – payee name, amount, date, etc – to be encrypted and hidden within a QR code printed on the face of all cheques issued by the TALL Group on behalf of its cheque bureau customers. Once the recipient has deposited the cheque, Kappa’s profiling and matching tool alerts the issuing bank to any mismatch, and customers can review the item before committing to pay, and still remain within the new two-day clearing cycle. This reduced clearing cycle forms part of the Image Clearing System (ICS), which was officially introduced across the UK last October. As part of ICS, cheques are now digitised at the point of deposit, and are no longer be transported during the clearing process.
Jonathan Lovell, Chief Financial Officer at Core Retail, said: “We are delighted to be working with Checkprint and the inclusion of the UCN Plus® on our cheques adds an extra level of security. We have always put innovation and serving our customers at the heart of what we do. We believe this will continue to ensure Core’s expansion well into the future. By embracing this innovative approach to cheque security, we are matching our own future ideals.”
Martin Ruda, Group Managing Director at the TALL Group of Companies, said: “As an organisation committed to the safety, security and integrity of the cheque payments system, the collaboration with Kappa has enabled us to deliver a further and critical layer of fraud prevention to the UK’s corporate cheque users. The benefits of the new Image Clearing System will underpin the continuing effectiveness of the cheque as a payment tool, and the TALL Group will strive to ensure the UK payments systems stay one step ahead of the fraudster.”
The TALL Group Launches Innovative Cheque Fraud Prevention Tool
TALL Group Partners with DIA Europe to Launch Innovative Cheque Fraud Prevention Tool – UCN Plus®
The TALL Group of Companies, the UK’s leading provider of secure electronic and paper payments solutions, has partnered with DIA Europe, providers of the Kappa cheque fraud prevention platform used by many leading banks, to create a new tool that is designed to strengthen the cheque industry’s protection against payment fraud. UCN Plus® – patents pending – will help to ensure that counterfeit, forged and fraudulently altered cheques are robustly and automatically trapped and rejected wherever possible.
UCN Plus® enables the variable payment data – payee name, amount, date, etc – to be encrypted and hidden within a QR code printed on the face of all cheques issued by the TALL Group on behalf of its cheque bureau customers. Once the recipient has deposited the cheque, Kappa’s profiling and matching tool alerts the issuing bank to any mismatch, and customers can review the item before committing to pay, and still remain within the new two-day clearing cycle.
This reduced clearing cycle forms part of the Image Clearing System (ICS), which was officially introduced across the UK last October. As part of ICS, cheques are now digitised at the point of deposit, and are no longer to be transported during the clearing process. The paper document has no legal value once imaged and that image transmitted into the infrastructure, so the integrity of the digital image becomes fundamental to its use as the ‘instrument’ to achieve the funds transfer.
This new system requires the use of Image Survivable Features (ISF), such as UCN Plus®, to protect against fraud. Overall payments fraud fell by 5% in 2017 compared to the previous year, however the total figure still stood at £731.8m. This is despite £2 in every £3 unauthorised fraud being stopped that year.
Commenting on the launch of the UCN Plus®, Martin Ruda, Group Managing Director at the TALL Group of Companies, said: “As an organisation committed to the safety, security and integrity of the cheque payments system, the collaboration with Kappa has enabled us to deliver a further and critical layer of fraud prevention to the UK’s corporate cheque users. The benefits of the new Image Clearing System will underpin the continuing effectiveness of the cheque as a payment tool, and the TALL Group will strive to ensure the UK payments systems stay one step ahead of the fraudster.”
The TALL Group Signs Partnership Agreement With Olicom
The TALL Group of Companies, the UK leader in the provision of secure paper and electronic payment solutions, has been appointed authorised distributor and service partner to sell and support Olivetti banking products in the UK and Ireland from specialist manufacturer Olicom, the new owner of Olivetti banking & postal specialised printers. The strategic partnership has been designed to provide the banking and financial sector with improved access to these innovative printing solutions.
Olivetti’s range of passbook printers has technologically evolved over recent years by incorporating enhanced functionality, such as the ability to capture debit and credit card details, as well as ID cards. In addition to the most well-known Olivetti PR2 and MB multifunctional printers in the world, one of the company’s most popular products is the open frame Olivetti A600K, the only scanner that combines a cheque reader (MICR) and document scanner in one single device, which can seamlessly integrate into self-service kiosks and ATMs. Its small footprint allows self-service systems to be upgraded at a low cost and it has been successfully implemented on a large scale by major ATM vendors as part of important branch transformation projects.
Alfredo Isacchi, Vice President at Olicom, said: “The TALL Group boasts a strong reputation and a significant footprint across the UK and Ireland, which will enable more companies from across this region to benefit from our world-class printing solutions. We are absolutely confident that the TALL Group’s presence and growing influence will ensure this partnership is highly successful and profitable.”
Martin Ruda, Group Managing Director of the TALL Group of Companies, said: “As an established leader in the provision of passbooks, we have huge synergies with Olicom. We have a strong and proactive sales, distribution and service department and we are very excited to offer the innovative Olivetti range to the banking and financial sector across the UK and Ireland.”
The TALL Group Signs Partnership Agreement With TCS iON
The TALL Group of Companies, the UK leader in the provision of secure paper and electronic payment solutions, has been appointed as an authorised sales partner by TCS iON, a strategic unit of Tata Consulting Services (TCS). This strategic partnership is to enhance the coverage of TCS iON Digital Records Platform across UK, Ireland and a nominated list of African regions.
TCS iON’s extensive experience in the education and assessment segment will provide the strength to TALL Group’s evaluation and identification products. The TALL Group, a Queen’s Award for Enterprise: International Trade 2018 recipient already enjoys an established position in the university sector, primarily delivering secure and fully personalised degree certificates.
iON Digital Records Solution helps universities leverage IT to smoothly manage the end-to-end certificate issuance process. This encompasses activities ranging from digitising student records, issuing and printing student certificates, performing digital verifications- all in a secured, organised, and a cost-effective manner.
The solution digitises student records using digital encryption technologies to provide on-demand digital verification processes, issue certificates, and ensure strict data security and integrity.
Martin Ruda, Group Managing Director of the TALL Group of Companies, said: “This announcement further underpins the TALL Group’s investment in digitised platforms, enabling the organisation’s strengths in data management and security, and the alignment of secure print output with high value, data driven services. This agreement with TCS iON represents the latest in a long line of strategic technology partnerships with industry-leading organisations, including Experian and Digital Check, and we look forward to a successful and profitable relationship over the coming years.”
TALL Group Celebrate Queen’s Award for Enterprise at Runcorn
The staff of The TALL Group of Companies are delighted to receive the Queen’s Award for Enterprise: International Trade, presented by Her Majesty’s Lord-Lieutenant of Cheshire, Mr David Briggs, at its Runcorn Head Office on Tuesday 2nd October 2018.
The event to mark the occasion was attended by the Lord Lieutenant, local dignitaries, founding shareholders and staff from the three TALL Group sites, together with representatives from the DIT in the North West.
The TALL Group of Companies, a leading supplier of security print and secure electronic payment solutions, received the export award for its export sales of security print products. These include ballot papers and voting lists for National and Regional Elections, Treasury documents and certificates, cheques, drafts and dividend warrants, and a wide range of fully personalised and highly secure degree certificates for many prestigious international universities.
The TALL Group of Companies is the only company within the security print sector to win its second Queen’s Awards for Enterprise, with its first awarded to Checkprint Limited, a Member of the TALL Group, in 2005 for innovation.
The Lord-Lieutenant of Cheshire was joined by the Mayor and Mayoress of Halton, Councillors John and Marjorie Bradshaw; Chief Executive, Halton Chamber of Commerce & Enterprise, Rachael Owen; and DIT Head UK Regions North West, Paul Stowers.
TALL Group Managing Director, Martin Ruda accepted the ceremonial certificate on behalf of all TALL staff, and TALL Group Export Manager Cas Amato was presented with the Queen’s Award trophy for his part in international trade.
The Lord-Lieutenant of Cheshire, Mr David Briggs said: “My congratulations to The TALL Group of Companies for winning the Queen’s Awards for Enterprise in the category of International Trade. Only 15 of these awards were made in the North West in 2018. Indeed, this is the second time that one of The TALL Group of Companies has won a Queen’s Award.
It was an honour to represent Her Majesty The Queen and present The TALL Group of Companies with their award, recognising the amount of effort that has been expended by members of their staff internationally. I wish them well in the future.”
In a Vote of Thanks to the Lord Lieutenant for presenting the Award, Martin Ruda, commented: “It is a great honour to receive The TALL Group of Companies Queen’s Awards for Enterprise: International Trade and this is a true testament to the staff throughout the TALL Group who have made this achievement possible. It is through their hard work and dedication that we can be gathered here today to receive this prestigious award. I speak on behalf of the TALL Group Board and the site Directors in saying that we strongly believe the entire TALL team will carry on to even bigger and better things – and to go for a third Queen’s Award!”
Councillor John Bradshaw, Mayor of Halton said: “I’m honoured to celebrate the TALL Group of Companies’ success in being awarded the Queen’s Awards for Enterprise. This award alone is very impressive but what’s even more extraordinary is this is The TALL Group of Companies’ second Queen’s Awards received. On behalf of Halton Council, I want to offer our sincere congratulations on receiving the Award. The criteria for the International Trade Award is very stringent and it’s a testament to the hard work to everyone at The TALL Group of Companies here in Halton and your other two sites.”
Paul Stowers, DIT Head UK Regions North West said: “I would like to congratulate The TALL Group of Companies on receiving the Queen’s Award for Enterprise: International Trade. This is a fantastic achievement and testament to the company’s continued growth, innovative export success and their contribution to the UK’s secure print sector. At a local level, North West DIT Export Champions, TALL Security Print is a shining example of what can be achieved internationally from the Northern Powerhouse.”
Each founded over 25 years ago, TALL Security Print Ltd, Checkprint Ltd and DLRT Ltd together form the TALL Group of Companies. Based in Runcorn (Cheshire), Hinckley (Leicestershire) and Lisburn (Northern Ireland) respectively, the Group employs over 150 people dedicated to secure print and payments solutions.
4th Annual Cheque Imaging & Remote Deposit Capture Conference
The 4th Annual Cheque Imaging and Remote Deposit Capture Conference
After more than three and a half years of very hard and challenging work which involved hundreds of thousands of man hours, the Cheque & Credit Clearing Company announced that the Cheque Image Clearing System had finally gone live on 30th October 2017.
However, the system went live with very low volumes at first but gradually the banks and building societies are connecting in their different deposit channels and as time goes on, more and more customers will benefit from the faster clearing timescales.
The new clearing system relies on the transmission of a suitable image of the cheque. Join us to hear our panel of industry experts from Digital Check, the Cheque & Credit Clearing Co., DIA Kappa and the TALL Group of Companies discuss the latest developments in cheque imaging, fraud prevention and remote deposit capture.
- International cheque truncation and RDC
- A bank’s view on implementation of cheque imaging
- An industry update on the image clearing initiative in the UK
- Cheque imaging – the software solution perspective
- Cheque fraud detection and prevention as we approach the ICS
- The importance of cheque scanner maintenance for image quality
• Digital Check Corporation
• Cheque & Credit Clearing Company
• The TALL Group of Companies
• A Financial Institution
• DIA Kappa
Following the presentations there will be a Q&A session to allow all participants an opportunity to submit questions to the speakers.
When: 11th October 2018 @ 9.30am – 4.00pm
Where: The Worshipful Company of Stationers & Newspaper Makers
Ave Maria Lane
Sign up to the 4th Annual Cheque Imaging and Remote Deposit Capture Conference now.
Please email firstname.lastname@example.org or call 01455 623701 to register a place.
J Parker Dutch Bulbs Modernises Cheque Management With The TALL Group
The TALL Group of Companies, the UK leader in the provision of secure paper and electronic payment solutions, has partnered with J Parker Dutch Bulbs to ensure the retailer benefits from improved control and visibility over how it manages a significant number of incoming cheques. The garden plants retailer has installed Checkprint Banking Assistant Professional Plus to increase efficiency across its finance office in Manchester.
Established in 1933, J Parker’s is one of the leading plant and bulb companies in the UK and remains a family-run business. As well as selling products via a successful website, the company secures substantial sales through various catalogue and newspaper campaigns. Many of these consumers choose to pay via cheque, with the organisation receiving in the region of 100,000 items each year.
After previously working alongside a third-party supplier, J Parker’s chose to bring its cheque processing function in-house and deployed Checkprint Banking Assistant Professional Plus in order to streamline the overall operation. The personalised cheque and cash deposit management system combines a desktop cheque scanner, to capture an image and details from the cheques, with comprehensive software functionality. It helps customers to comply with regulations, speeds up the banking and reconciliation process and generates a searchable archive of cheque data and images, which is valuable when dealing with customer enquiries.
Checkprint Banking Assistant Professional Plus works seamlessly alongside J Parker’s existing order processing system and allows payments to be made into different bank accounts. In the event of the retailer wishing to offer refunds via Bacs, the solution will also help to streamline any repayment processes.
Alex Woollard, Finance Manager at J Parker’s, said: “It is clear that a sizeable number of our valued customer base still enjoy paying for their goods using cheques. Therefore, it was important that we investigated new ways to automate and streamline cheque management to help save time and money. We have already been impressed by the proficiency of the Checkprint Banking Assistant Professional Plus solution and we are excited to reap the benefits moving forward.”
Martin Ruda, Group Managing Director at the TALL Group, said: “The cheque remains a fundamental method of receiving payment for many businesses, which is evident by the large volume of items received by J Parker’s on an annual basis. We offer an innovative portfolio of products that helps retailers and other businesses modernise how they process not only incoming cheques, but also printing and issuance of cheques, which leads to huge efficiency gains and cost savings.”
Cheque Imaging Blog Highlights Clydesdale Bank
In their latest blog, the Cheque & Credit Clearing Company, a wholly owned subsidiary of the new home for UK retail payments, the NPSO, looks at how Clydesdale Bank’s cheque imaging technology is bringing huge benefits to the bank’s customers.
Stuart McKinnon, Senior Development Manager at Clydesdale & Yorkshire Bank Group (CYBG) reflects on cheque imaging as being one of the highlights of his career with the bank and the major benefits that cheque imaging and remote deposit capture offers to its customers.
The start of the phased roll-out of the image-based cheque clearing system that speeds up cheque processing significantly for all bank customers across the UK began on 30th October 2017.
According to the Cheque & Credit Clearing Company, initially, the volume of cheques going through the new system has been small and the vast majority of customers have not noticed any change to how quickly their cheques have cleared. However, during this year (2018), increasing numbers of cheques will be cleared using the new system and more and more customers will benefit from the faster timescale. Eventually, at some stage in the second half of 2018, all of the UK’s banks and building societies will clear all cheques via the Image Clearing System to the faster timescale.
The TALL Group have been leading suppliers of cheque scanning equipment and offering cheque scanner fulfilment programmes to the financial sector in order to meet these timescales.
Read more at our dedicated Remote Deposit Capture website.
TALL Group Leads UK Launch Of Innovative Chain Of Custody And Authentication Platform
The TALL Group of Companies, the UK leader in the provision of secure paper and electronic payment solutions, has today (Tuesday 31st July) announced the UK launch of an innovative chain of custody and transaction verification platform that delivers absolute confidence and certainty to the user, provides real-time authentication and eliminates the risk of fraud. The DocuChain ‘Chain of Custody’ platform supports the validity of a wide-range of high-value transactions and mission critical processes, which will help organisations to identify fraudulent transactions such as: fake pharmaceuticals and unapproved treatment pathways, bogus professional credentials, contestable titles to assets, money laundering, and the veracity of supply chains including the non-genuine parts being installed in aircraft or North Sea oil rigs.
The Chain of Custody platform (patent pending) is called 4Trust and utilises a proprietary combination of technologies under license from DocuChain Limited. 4Trust incorporates a range of technologies from DocuChain and its constituent members: Uqudo (identity and access management), NXP (NFC integrated circuits), Qadre (Plug blockchain infrastructure) and Trotec (laser engraving specialist).
The TALL Group of Companies is leading the launch of the 4Trust platform as the exclusive licensee in the UK and Ireland – and the founding member of DocuChain’s 4Trust Alliance, a global partnership of 4Trust licensees.
Those organisations and individuals using the 4Trust Chain of Custody platform will obtain a specially-crafted smart polymer document produced by the TALL Group, which provides the physical, tangible record of the transaction, whose provenance can be authenticated in an immutable, external blockchain record. The document, described as a SmartPolymer Artifact, incorporates sophisticated fraud prevention features such as laser engraved images, encrypted QR Codes and embedded intelligence in the form of NFC (near-field communications) integrated circuits, which link the certificate to the digital record of the transaction or entitlements in question. The provenance of the creation of both the Artifact and its related metadata (Assets and Activities including entitlements and privileges) are then stored securely in the 4Trust Chain of Custody. This correlation between the physical and digital records creates a singular “Chain of Custody” that can be validated in real-time using mobile and desktop applications that are downloadable with every Artifact produced.
Indeed this ‘blockchain’ principle is key to the DocuChain Chain of Custody. Blockchain technology is like the internet in that it has a built-in robustness. By storing blocks of information that are identical across its network, the blockchain cannot be controlled by any single entity as it has multiple secure entry points and equally has no single point of failure. It is secure, resilient and delivers an immutable record of transactions and assets.
Philip Leone, Founder and CEO of DocuChain, said: “Legacy chains of custody are flawed and certainly not trustworthy, and the costs, to both enterprises and governments, are unacceptable. Our architecture provides four elements – two physical and two logical – which build upon existing document and trust systems, with authentications being conducted in real-time using Android, iOS and Windows apps. 4Trust’s innovative platform delivers and an immutable “Chain of Custody” for business performance, relationship management, governance, entitlement management and asset custodial services. Working with the TALL team has been very gratifying – they understand the dynamics and value of custody and how real time authentications engender trust, protect and value Identity, and restore sorely needed equities to global transaction domains.”
Martin Ruda, Group Managing Director of the TALL Group of Companies, said: “We have an enviable position supplying securely printed paper documents worldwide. Now, as the first licensee of the DocuChain Chain of Custody platform, the TALL Group will lead the UK and its global customers into a new era of indisputable provenance that can be authenticated in real-time. We are extremely proud to have played a key role in the development of this important and ambitious solution, which we are sure will help to shape the future of how vital ownership and provenance information and records are stored and validated.”
TALL Group featured on Management Today website
The following article by Stephen Jones was published on the Management Today website on 25th July 2018 under its Leadership Lessons heading
How the TALL Group avoided chequemate…
Faced with the decline of its core business, the UK’s leading cheque printer has had to seek new avenues.
by Stephen Jones
If someone told you could corner the market for bankers’ cheques in 1991, you’d have been fairly pleased with yourself. We’re always going to need cheque books, right?
But then the internet happened, and for cheque book manufacturers like the TALL Group, conditions suddenly looked less rosy: over the last two decades, the volume of cheque usage has declined at 15% a year.
Yet through a strategy of diversification, innovation and internationalisation, TALL has not only been able to survive, but thrive.
It’s remained profitable over the last 10 years – except for an operating loss in 2011 following exceptional costs. The group posted a bumper profit in 2016 – driven largely by the acquisition of the Northern Irish based DLRS (now DLRT Ltd) – which it has maintained every year since.
The three company group has been specialising in the production of secure documents, cheques and credit slips for over 25 years and counts ‘nearly all’ of the major UK banks and building societies as well as a swell of corporates, educators and national governments among its diverse, but specialised list of clients.
‘Twenty years ago, cheques and credit account for over 90% of our core sales,’ says TALL MD Martin Ruda. ‘So we have had to mitigate the threat by doing a number of classic diversification routines, look for alternative products,services and markets. But also find ways to add value to a diminishing product.’
This diversification has been two-fold, focusing on areas closely aligned to its core product.
The decline of physical cheques does not mean a decline in payments and the company has invested heavily in developing technology that facilitates the transaction of all types of payment.
It has rolled out an outsourcing solution whereby it prints, audits and distributes cheques on behalf of clients, while the development of cheque scanning software solutions continues to represent a fruitful opportunity. It is now investing heavily in building products supported by blockchain technology.
In the realm of physical products, the inbuilt security holograms or features and sequential numbering included on cheques are also used on a variety of other types of document including birth certificates, exam results and ballot papers.
The fact that the company already had the inbuilt production processes has made it easier to double down into these markets, which have proved to be particularly effective as an export.
International expansion has also been a major part of the group’s growth strategy – and the area that it has arguably seen some of its the greatest success.
Having had a largely native client base, the company recruited an experienced export manager in order to identify new opportunities in international markets, government applications and education markets. Ten years later, it now exports to over 20 countries and was awarded the 2018 Queen’s Award for Enterprise in the international trade category.
‘Where our opportunity lies is in challenging emerging markets,’ says Ruda, explaining how the Group has been able to attain significant custom outside of Europe, in regions including West Africa, the Caribbean and the Middle East.
‘The European markets are already well served when it comes to security printing, and many of them don’t use some of these core products such as cheques and paper certificates.’
But it hasn’t all been plain sailing, the ‘volatile’ nature of third world markets can be unpredictable and demand for TALL’s products can differ dramatically year on year. For example in 2016 the company was required to produce 20 million ballot papers for the Ugandan election, whereas in other years a similar order may not be required.
As a result the company say that international exports can range anywhere between 10-25% of the annual turnover.
The biggest challenge is ‘understanding and foreseeing the technology shifts that will increasingly affect all of TALL’s markets. Up to two million cheques are still processed every working day, but big changes are on the way.
The nationwide UK roll out of truncation technology – which requires all cheques to be electronically scanned – will change the nature of TALL’s product, but continues to hold increasing opportunities, especially in the innovation of the security features that survive the scanning process.
Ruda admits that the business has been able to increase its share of a heavily regulated market due to the limited number of accredited competitors, which has only gotten smaller as the market declined. But TALL’s success shows that those with an innovative strategy and willingness to adapt can ensure survival in the most difficult markets.
Checkprint finalists in the East Midlands Chamber of Commerce Business Awards
The Hinckley-based company has been shortlisted in the ‘Excellence in International Trade’, ‘Business Improvement Through Technology’ and ‘Small Business of the Year’ award categories ahead of the Awards Dinner on 21st September in Leicester after being nominated in the East Midlands Chamber of Commerce Leicestershire Business Awards 2018.
The three awards pay tribute to organisations that have excelled in the field of international sales growth and development; the use of science and technology to drive businesses forward; and to recognise those SME’s who have excelled through innovation, staff development and growth. Finalists have also been selected and judged on the quality of their products and services, their dedication to sales performance, innovation and the sustainability of their business.
Checkprint’s Hinckley site, whilst remaining a key print resource within the TALL Group, has also seen major investment in new IT equipment and infrastructure to support its new cheque imaging product line extension. The company has – through major contracts with several major banks – already provided over 5,000 cheque scanners into the new imaging market sector both in the UK and overseas.
Martin Ruda, Group Managing Director, the TALL Group, said: “We have always been ready to invest in the development of exciting technology. These innovative new products and services, built on the expertise of Checkprint’s existing relationships with major financial institutions, are helping to drive future growth within the Hinckley site. We are proud to have been shortlisted in these three award categories and are very much looking forward to the Awards Dinner in September.”
The nominations follow news earlier in the year that the TALL Group had been accorded the Queen’s Award for Enterprise: International Trade 2018 for its outstanding international sales growth boosted by input from Checkprint and the other TALL Group companies.
Checkprint To Supply Cheque Services To Nationwide
CHECKPRINT TO SUPPLY CHEQUE SERVICES TO NATIONWIDE BUILDING SOCIETY
Checkprint Limited, part of The TALL Group of Companies, the UK leader in the provision of secure paper and electronic payment solutions, has been awarded a contract by Nationwide for the provision of corporate cheques (branch cheques) services to Nationwide Building Society branches.
Under the terms of the agreement, Hinckley-based Checkprint will provide corporate cheques (branch cheques), letter cheque personalisation and distribution as well as telephone support services for any queries regarding corporate cheques delivery on behalf of Nationwide.
In addition, Checkprint will provide the building society with an auto replenishment stock management service. This service is a multi-location cheque and credit stock control system that automatically manages stock on behalf of Nationwide across all its locations.
Checkprint was awarded the new Nationwide deal following contractual relationships which have run consecutively for the last 15 years since Jan 2003.
Corporate Cheque Supply
Nathan Sheppard, Senior Payments Manager at Nationwide, said: “This new contract with Checkprint is a result of a long standing and excellent working relationship built up over the last decade and more. Checkprint and ourselves both value the commitment to the working relationship and the quality of the specific products and services provided.”
Emma Thornton, Business Development Director at Checkprint, said: “We are extremely proud to have secured this renewed contract with Nationwide and to support their local branches across the UK with the provision of our corporate cheque services. We ensure that any orders are fulfilled and distributed in a highly efficient manner, to ensure that each branch can meet its corporate cheque needs.”